Oil prices drop after Opec+ supply boost
Edited By WION Video Desk
Published: Aug 04, 2025, 10:29 IST | Updated: Aug 04, 2025, 10:29 IST
Oil prices fell sharply after Opec+ announced a major output hike of 547,000 barrels per day for September. With fears of slowing global growth due to tariffs and possible sanctions on Russian oil, markets are bracing for volatility. Here's what’s driving the crude correction.
trending videos
)
Tamil Nadu: Vijay unveils olympic city dream for Chennai, eyes global sporting future
)
Bangladesh considers joining Mecca defence pact, members agree to establish secretariat
)
Bengaluru: Officials find 40 kg expired chilli at chairman's club
)
CJP protest: Accused Swatantra Bhardwaj arrested in Bulandshahr after fleeing cops
)
Bolivia turns to crypto amid dollar crunch
)
Nepal announces business recovery package for flood-hit areas
)
Indonesia: Govt free meals sicken over 1,700 students & teachers
)
Nepal flash floods: Death toll rises to 1,259
)
Iran exposes US navy | Trapped 6,000 km from food & fuel: US navy stuck in Gulf
)
South Korea mulls deploying military assets to Strait of Hormuz
)
Apple hit with $2.7b UK lawsuit over alleged app tracking abuse
)
How modern surveillance is making it harder for armies to hide
)
World's fifth-largest economy, British army can't afford to train
)
Breaking | Vance takes the podium: First White House briefing since Leavitt's exit
)
'I want to return to my homeland': Sheikh Hasina exclusive
)
Taiwan raises 'concerns' over China's missile test
)
Artwork, portrait of a lady to be returned to original Jewish owner
)
Crypto cards let Bolivians spend stablecoins at shops
)
Europe's winter energy crisis: Rising gas prices spark fresh cost fears
)
Israel: Latest poll indicates tie between pro & anti-Netanyahu blocs
)
Nepal flash floods: India sends 21.5 tonnes of relief material to flood-hit Nepal
)
Iran exposes US navy | trapped 6,000 km from food & fuel: US navy stuck in Gulf
)
Pakistan: Sindh assembly adopts resolution rejecting division of province
)
Asia’s oil hunt pushes prices higher; Dubai crude futures hit $100
)
Breaking: Army, police & CRPF launch joint operation | AK rifle recovered from encounter site
)
Nepal floods: Devastating flash floods kill 1,294 people
)
Inside Iran's shadow fleet: How Tehran dodges the US blockade at sea
)
India's new 24x7 eye in the sky: Isro's 'Naughty Boy' rocket delivers a big win
)
'Taiwan Pavilion' naming row triggers China boycott at Gwangju Biennale
)
New Zealand: Two psychiatrists cleared to prescribe MDMA for PTSD
)
How 6,000 litres of urine a day is sinking Khumbu glacier
)
Imran Khan's sons demand specialist medical examination
)
Hasina questions Chinese fighter jet deal, says Bangladesh's stability linked to India
)
6,000 litres of pee a day: The shocking new threat to Everest
)
Iran's army conducts drone & missile attack on US bases
)
'Mauli' turns Dahi Handi into a symbol of courage
)
Russia arms Iran with super weapon | Why Trump fears Iranian firepower? | US warships in danger
)
India: Rameshbabu Vaishali Secures 2026 Women’s Candidates Victory
)
U.S. takeover threatens China’s oil-backed loans
)
Fierce battle for Bab al-Mandeb strait kills 120, houthis seek control over Red Sea strait
)
Bangladesh: nearly 600,000 jobs could be lost due to the conflict
#Metoo haunts Malayalam cinema: Actor Mohanlal breaks silence on sex scandal
)
NATO troops gather in Arctic, Russia threatens nuclear retaliation
)
Genetically modified Pig kidney keeps man alive for record nine months in US
)
Japan PM Takaichi expected to undertake cabinet reshuffle in next two weeks