Oil Slips 2% as Saudi Arabia Presses OPEC+ to Fast-Track Output Hike

Saudi Arabia is pushing OPEC+ to fast-track the group’s next oil production increase, moving up a supply hike originally scheduled for late 2026. The proposal, first reported by Bloomberg, would restore as much as 1.66 million barrels per day of output currently held back under voluntary cuts. The issue is set for debate during a video conference of OPEC+ ministers this weekend. Riyadh’s initiative comes after the alliance has already rolled back roughly 2.2 million bpd of reductions over the past five months, signaling a pivot from…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com