OPEC+ Deepens Oil Price Slump by Accelerating Supply Hike
Oil pumping jacks in Russia. (Andrey Rudakov/Bloomberg) OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, the equivalent of three ...more