From Yahoo Finance: 2025-05-03 08:13:00

Major western oil producers, like Exxon Mobil, Chevron, Shell, and TotalEnergies, maintain growth plans despite a 16% crude price drop in April and OPEC+ boosting output in June. US shale operators struggle with break-even prices above $60 per barrel. President Trump promotes domestic production, but economic uncertainty clouds future oil demand.



Read more at Yahoo Finance: Big Oil Isn’t Budging on Output as OPEC+ Supply Hike Looms