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Vol. 30, No.18 Week of May 04, 2025
Providing coverage of Alaska and northern Canada's oil and gas industry


Supply up/demand down

OPEC+ eyes strategy shift to production boost in quest for market share

Steve Sutherlin

Petroleum News

Alaska North Slope crude plunged $1.74 April 30 to close at $64.92 per barrel, West Texas Intermediate plummeted $2.21 to close at $58.21 and Brent dove $1.13 to close at $63.12 as price weakness accelerated on the specter of swelling supply and diminished demand. ANS crossed below $65 on the day an....

    [additional news subjects in this story]

Demand seen as threatened


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