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OPEC+ agrees to increase supply while analysts warn of a barrel at 100 dollars
The cartel will increase the equivalent of 0.2% of demand, but the closure of Hormuz could mean a 10% loss of trade.
1 Mar, 18:45 — 1 Mar, 19:55
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YahooMostly Factual47d ago
OPEC+ boosts oil production after attacks on Iran and throughout region
Read full article →zerohedgeLow47d ago
OPEC+ Agrees To Boost Oil Output As US War On Iran Disrupts Shipments
OPEC+ Agrees To Boost Oil Output As US War On Iran Disrupts Shipments On Sunday, OPEC+ agreed to boost oil output by 206,000 barrels per day for April just as the U.S.-Israeli war on Iran and Tehran's retaliation disrupted oil flows from key members of the producer group in the Middle East. It had debated options ranging from 137,000 bpd to 548,000 bpd, according to five sources. The agreed increase, which brings an end to a three-month pause in production hikes, represents less...
By Tyler Durden
Read full article →Coverage Timeline
First report: la-vanguardia · 1 Mar, 16:11|Full coverage: 3 · 4h|Window: 4h
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