London, June 1, 2025 (AFP) - Oil under $65 a boon for consumers, but a burden on producers

NAMPA / AFP

2025-06-01

US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by OPEC+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic. That is good news for consumers but not so much for producers, analysts say. A barrel of Brent North Sea crude, the international benchmark, stands below $65, a far cry from the more than the $120 reached in 2022 following the invasion of Ukraine by m......

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