Oil prices are in freefall after OPEC+ announced a significant output increase, raising concerns over a global surplus amid weakening demand due to ongoing trade tensions. Brent crude dropped nearly 4.6% as OPEC aims to target overproducing members.
OPEC+ is set to accelerate its oil output hikes and may unwind 2.2 million barrels per day of cuts by October if compliance doesn't improve among members. This move follows a surprising agreement in April designed to penalize non-compliant nations.
In a surprising move, eight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day for June, following a similar rise in May. This decision, amid U.S.-China trade tensions and falling prices, has analysts speculating on future market impacts.
Don Pettit, NASA's oldest active astronaut, returned to Earth on his 70th birthday but felt quite sick after landing. Discover the surprising challenges he faced post-mission.
Veteran astronaut Don Pettit returns to Earth after a 7-month mission aboard the ISS, raising health concerns despite NASA's assurances. Discover his incredible journey and what it’s like to come back from space.
