PARIS, May 5, 2025 (AFP) - Oil prices slide after OPEC+ output hike

NAMPA / AFP

2025-05-05

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand. Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411,000 barrels a day for June, a month after a similar move had already caused prices to fall. The price of crude has also been sliding beca......

Restricted content

Business & Finance News

Madrid, May 5, 2025 (AFP) - Spain foreign tourist numbers break record in early 2025

2025-05-05 13:30:46

Paris, May 5, 2025 (AFP) - France, EU leaders take aim at Trump in bid to lure US scientists

2025-05-05 13:30:41

Paris, May 5, 2025 (AFP) - Spain's blackout highlights renewables' grid challenge

2025-05-05 12:00:52

Paris, May 5, 2025 (AFP) - France, EU leaders spearhead effort to lure US scientists

2025-05-05 11:30:42

Sanaa, May 5, 2025 (AFP) - Huthis say US bombed Yemen after strike on Israel's main airport

2025-05-05 11:00:34

Jakarta, May 5, 2025 (AFP) - Indonesia suspends eye-scanning Worldcoin crypto project

2025-05-05 10:30:25

Istanbul, May 5, 2025 (AFP) - Turkey annual inflation eases to 37.9%

2025-05-05 10:00:40

Jakarta, May 5, 2025 (AFP) - Indonesia growth slows in Q1

2025-05-05 09:00:19

Tehran, May 5, 2025 (AFP) - Iran denies aiding Yemen Huthis in Israel airport attack

2025-05-05 09:00:18

Colombo, May 5, 2025 (AFP) - Crisis-hit Maldives secures $8.8bn Qatar investment

2025-05-05 08:30:16

Tehran, May 5, 2025 (AFP) - Iran denies aiding Yemen Huthis, after Israel airport attack

2025-05-05 08:30:15

Latest NAMPA photos

NKURENKURU, 29 April 2025 - A group of learners, teachers from various secondary schools, and officials from different offices in the Kavango West Region joined the rest of the nation in a march against violence against children on Tuesday. (Photo by: Lylie Joel) NAMPA

NAMPA

LÜDERITZ, 29 April 2025 - Debmarine Namibia Chief Executive Officer (CEO), Willy Mertens. (Photo by: Josephine Simeon) NAMPA

NAMPA

GOBABIS - Senior traditional councillor Gerson Kunomundu Katjirua of the Ovambanderu Traditional Authority (Photo: Contributed)

NAMPA

GOBABIS - Senior traditional councillor Gerson Kunomundu Katjirua of the Ovambanderu Traditional Authority (Photo: Contributed)

NAMPA

WINDHOEK, 28 April 2025 - North Korea's Ambassador Jong Song. (Photo by: Linea Dishena) NAMPA

NAMPA

WINDHOEK, 28 April 2025 - North Korean Ambassador Jong Song (L) pictured with President Netumbo Nandi-Ndaitwah during a courtesy farewell at State House on Monday. (Photo by: Linea Dishena) NAMPA

NAMPA

TUHINGIRENI, 27 April 2025 - Residents of Tuhingireni gathered under a tree to discuss the neighbourhood’s concerns. (Photo by: Sawi Hausiku) NAMPA

NAMPA

WINDHOEK, 28 April 2025 - Heroes Acre Site Manager Helena Nengola pictured with Speaker of the National Assembly Saara Kuugongelwa-Amadhila. (Photo by: Andreas Thomas) NAMPA

NAMPA