Story perspectives

Oil Prices Set to Plunge Amid OPEC+ Supply Boost

6/9/2025

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Summary

Story summary

Oil prices may fall below $50 per barrel this year as OPEC+ increases supply, currently priced at $65.
U.S. oil production is projected to decline by 640,000 barrels per day by 2026, marking a decade's first decrease.
Malaysia's palm oil prices are expected to average RM4,000 per tonne in late 2025 due to competition and stagnant growth.
Recent fluctuations in oil prices stem from weak Chinese economic data and ongoing U.S.-China trade negotiations.

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Story summary

Oil prices may fall below $50 per barrel this year as OPEC+ increases supply, currently priced at $65.
U.S. oil production is projected to decline by 640,000 barrels per day by 2026, marking a decade's first decrease.
Malaysia's palm oil prices are expected to average RM4,000 per tonne in late 2025 due to competition and stagnant growth.
Recent fluctuations in oil prices stem from weak Chinese economic data and ongoing U.S.-China trade negotiations.