Reported about 18 hours ago
OPEC+ has confirmed plans to increase oil production by 138,000 barrels per day starting in April, the first increase since 2022. This decision comes amid ongoing pressure from U.S. President Donald Trump to lower oil prices, which rose above $82 a barrel earlier this year. Despite fluctuating market conditions and potential impacts from global tariffs, OPEC+ is proceeding with the output hike to maintain market stability.
Source: YAHOO