OPEC+ to boost oil output in April, sending Brent prices to six-month low
After very low Brent oil prices at the end of 2024, where the average price fluctuated around $80, March brings us the lowest price in the past six months. The reason for this is the announcement of OPEC+ to increase oil production starting in April, which will greatly affect market saturation and price.
OPEC Plus says it will go ahead with its plan to increase crude-oil supply. The decision by the oil-producing group of ...
OPEC+ is still weighing its Q2 oil production plans, according to eight OPEC+ sources who spoke to Reuters this week ...
The Loft of Shared Dreams in Davos underscored the need for collective vision and collaboration to address global issues, ...
Investing.com -- The Organization of Petroleum Exporting Countries (OPEC) has kept its global economic growth forecasts steady, with expectations of 3.1% growth in 2025 and 3.2% in 2026 ...
The loss of such a volume, equal to about 1.4% of total world supply, would be significant for markets. Pezeshkian made the comments at a meeting with OPEC Secretary General Haitham Al Ghais.
At the announcement of the Brazilian government’s decision to join the group, Mines and Energy Minister Alexandre Silveira described OPEC as “a forum for ... in the world but it has ambitions ...
The participation will be limited to the Charter of Cooperation, a permanent forum ... world’s largest producer at nearly 22 million barrels daily, with Saudi Arabia, the largest producer in ...
Oil prices were broadly flat, despite the dollar index sliding to a near four-month low and ING said sentiment was persistently negative in the oil market.
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