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8 Apr 2025 23:05
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      Home > News > Business

    Could we be looking at cheaper petrol soon?

    Could we be looking at cheaper petrol soon?


    Oil prices, which had surged to their highest level in over three years last week are now slumping.

    US crude oil futures have dropped by nearly 10% to trade around $66.50 per barrel, down from about $73 last week.

    The sharp price decline was triggered on Friday by Saudi Arabia, which says it's in discussions with other OPEC nations to pump more oil to ease global supply concerns.

    OPEC oil producers and Russia are due to meet in Vienna on June 22 to discuss easing self-imposed supply caps, which have been in place since 2017.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     08 Apr: Caution across the housing market means little has changed in pricing for the start of the year
     08 Apr: Asian markets have faced their worst day in decades, amid fears of a fresh US-China trade war
     07 Apr: The NZX50 dropped about 3.7 percent today - as fall out continues from Donald Trump's tariffs
     Top Stories

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    BUSINESS BUSINESS
    The Breakers have made their first player signing under their new management More...


     Today's News

    		 Politics:
    The Government's again singing the praises of Police 21:57

     Entertainment:
    Drew Barrymore still suffers back pain after falling over during a scene in 'Fever Pitch' 21:44

     Law and Order:
    The second phase of Police withdrawal from mental-health callouts starts in parts of the country next week 21:17

     Entertainment:
    Finn Wolfhard wishes he would've put himself into "therapy" after finding fame on 'Stranger Things' 21:14

     Environment:
    Startup's claim it has brought dire wolves back from extinction questioned 21:07

     Entertainment:
    Pedro Pascal relates to the protectiveness of his character in 'The Last of Us' 20:44

     Entertainment:
    Jesy Nelson has revealed that she needs to use a wheelchair as she gave an update on her pregnancy from hospital 20:14

     Entertainment:
    Paul Giamatti says that Dame Maggie Smith "still feels present" in 'Downton Abbey: The Grand Finale' 19:44

     Entertainment:
    Richard E. Grant is "not looking for" love 19:14

     Business:
    The Breakers have made their first player signing under their new management 18:57

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