Reported about 7 hours ago
OPEC's crude production reached its highest point in over a year, increasing by 240,000 barrels per day in February, driven by gains from Iraq, Venezuela, and the UAE. This rise comes as the organization prepares for a planned revival of supply after output curbs aimed at stabilizing prices. While OPEC+ intends to gradually increase production starting in April, renewed discussions about delaying these plans arise due to fluctuating prices and oversupply concerns.
Source: YAHOO