OPEC+ Brings Forward Call to Discuss June Output to Saturday

Chevron Cuts Buybacks As Oil Plunges

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By Bloomberg News

May 2, 2025 at 1:59 PM UTC

Updated on

May 2, 2025 at 2:12 PM UTC

OPEC+ has brought forward its video conference to discuss June production levels to Saturday, delegates said, asking not to be named because the information is private.

The meeting, originally scheduled for May 5, could determine the trajectory of oil prices in the coming weeks, with a majority of traders surveyed by Bloomberg anticipating another supply surge from the cartel.