OPEC+ Oil Production: The Barrels of Fun Never End
Key Points
- OPEC+ plans to increase oil production by 411,000 barrels pe...
Oil cartels trying to control their members? That's about as effective as herding cats with a water pistol. The latest OPEC+ shenanigans prove once again that even the world's most powerful oil alliance can't keep its ducks - or should we say barrels - in a row.
The Barrel Brigade Marches On
OPEC+ has announced plans to pump an additional 411,000 barrels per day starting June 2025, marking their second consecutive month of "let's flood the market" enthusiasm. This comes despite oil prices already performing their best impression of a skydiver without a parachute, having plunged below $60 p...
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