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27 Jan 2026 20:23
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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.

    © 2026 Newstalk ZB, NZCity

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     Today's News

    		 Entertainment:
    Kristen Bell is to host the Actor Awards for the third time 20:01

     Entertainment:
    Jaden Smith was "shocked and surprised" when he was asked to be Christian Louboutin's first men's creative director 19:31

     Entertainment:
    Michelle Pfeiffer "hated" her iconic Scarface bob 19:01

     Law and Order:
    The Police Minister's welcoming new senior Police appointments 18:57

     International:
    Three families on how they manage multi-generational living 18:47

     Rugby:
    The All Blacks head coaching vacancy came too late for Vern Cotter's consideration 18:37

     Entertainment:
    Phil Collins has admitted years of alcohol abuse left his kidneys "messed up" 18:31

     Soccer:
    Quick Sports Summary 18:07

     Entertainment:
    Jennifer Lawrence wants to do-over of her only time hosting Saturday Night Live 18:01

     Entertainment:
    Jason Biggs has showed his notorious American Pie scene to his 11-year-old son 17:31

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