OPEC+ to Increase Oil Production as Prices Slide

OPEC+ has announced that it will boost oil output by 137,000 barrels per day starting next month, marking the beginning of a phased rollback of earlier production cuts. The move, led by Saudi Arabia and the United Arab Emirates, comes in response to sliding oil prices—Brent crude is currently trading around $65.50 per barrel, down nearly 15% in recent weeks.
Energy analysts suggest the decision could help stabilize markets but may also impact economies reliant on oil revenues. For consumers, the increase could ease fuel costs in the months ahead.