Prices

On Sunday, the oil futures in the US decreased by more than 4%, after OPEC+ agreed production for the second month.

We have raw Decreased by $ 2.49, or 4.27%, up to $ 55.80 a barrel shortly after the auction. Global benchmark Brent decreased by $ 2.39, or 3.9%, up to $ 58.90 per barrel.

Eight Group Manufacturers led by Saudi Arabia agreed on Saturday Increased production Another 411,000 barrels a day in June. The solution comes a month after OPEC+ surprised the market by agreeing Production production in May by the same amount.

In June, the production hike is almost three times than 140,000 BPD, which originally predicted Goldman Sachs. Within two months OPEC+ brings more than 800,000 BPD extra supplies to the market.

Oil prices have posted the greatest monthly loss since 2021 as president of the United States Donald Trump Tariffs have caused fear of a recession that slows down the demand at the same time when OPEC+ rapidly increases.

Firms on the Service of Oil Poles such as Baker Hughes and Slb are waiting for investment in exploration and production Reduced this year Of -wasted pricing conditions.

“The prospects for the planned oil market, tariff growth, uncertainty in Mexico and weakness of activity in Saudi Arabia collectively limit the international cost level,” said Baker CEO Baker Hugz Lorenzo Simonelli in the first quarter of the campaign on April 25.

Oil specialties Chevron and Exxon Profit in the first quarter last week, which compared to the same period in 2024 due to a decrease in oil prices.