Oil prices fell as traders weighed OPEC+’s latest supersize output hike plans and President Trump’s tariff threats on India for its purchases of Russian oil.

Oil supply growth from non-OPEC producers is set to peak in early 2026, while demand remains robust, according to BP Plc Chief Executive Officer Murray Auchincloss.

Oil was little changed on Tuesday as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S.