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Oil prices fall ahead of OPEC+ meeting
Energy
- 30 May, 2025
- 10:13
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World oil prices are falling on May 30 morning in anticipation of a meeting of OPEC+ member countries with voluntary production cuts, Report informs referring to trading data.
The price of August Brent crude futures fell by 0.25% to $63.19 per barrel, while July WTI futures fell by 0.25% to $60.79.
On Wednesday, OPEC+ maintained the current parameters of its agreement on oil production conditions, valid until the end of next year.
The organization also instructed the OPEC Secretariat to develop a mechanism for assessing production capacity, which will be used as a guideline for forming baseline oil production levels for 2027.
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