OPEC+ to increase output from April as planned
OPEC Plus says it will go ahead with its plan to increase crude-oil supply. The decision by the oil-producing group of countries follows pressure from US President Trump on OPEC to bring down prices. Eight members said Monday they will gradually raise production from next month.
The decision is a serious negative for the oil market, given that oil demand is rising too slowly to sop up all of the extra ...
The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market ...
Crude oil futures fell to their lowest this year after a surprise decision by OPEC+ to restart some halted production, a move ...
At the same time, OPEC's policy on production increases remains flexible. "This gradual increase may be paused or reversed subject to market conditions. This flexibility will allow the group to ...
Opec+ nations have reaffirmed their December decision to proceed with a gradual and flexible return of the 2.2 million bpd ...
Output for December 2024 was revised higher by 59kb/d and November 2024 output was revised higher by 54 kb/d compared to last ...
OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...
Growing concerns over demand are weighing on the oil market's outlook amid OPEC+ supply dynamics and U.S. tariffs, ING ...
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