Business from Saturday, May 3rd, 2025

Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.

The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.