OPEC+ to further speed up oil output hikes, sources say

Published on Sunday, May 4, 2025 by New York Post Business | Found on Glideslope.ai

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak...

Pulse AI Analysis

Analysis: optimistic
Score: 11.11

-100 (Bearish) +100 (Bullish)

Sentiment Score: 11.11 - Leaning optimistic.

This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.

Glideslope AI

OPEC+ to further speed up oil output hikes, sources say

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak...

New York Post Business • May 4, 2025 • Found on Glideslope.ai

Post hash: 55032862934817651111 • glideslope.ai/post/55032862934817651111

Sentiment

optimistic • Score: 11.11

-100 (Bearish) +100 (Bullish)

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