Oil Prices Up 2.5% As OPEC+ Agrees To Maintain Production Levels

Oil Holds Gain as Trump's Russia Deadline Raises Supply Concerns

(Bloomberg) — Oil held a gain after President Donald Trump pushed for Russia to reach a swift truce with Ukraine or face potential economic penalties, raising concerns crude supplies from the OPEC+ producer could be disrupted.

Oil Prices Up 2.5% As OPEC+ Agrees To Maintain Production Levels

OPEC+ reaffirms its oil output plans despite patchy compliance from some members, urging full conformity with agreed production levels as voluntary cuts unwind.

OPEC+ Repeats Call for Quota Discipline Before Supply Decision

An OPEC+ committee once again urged members to adhere to oil quotas as they prepare to weigh another production increase.

Oil Prices Surge on Geopolitical Tensions

Crude oil prices experienced a notable rally overnight, fuelled by a resurgence of geopolitical risks and increasingly tight supply signals. According to ANZ, the gains were primarily driven by renewed concerns surrounding Russian oil supply. These concerns arose after reports indicated that Donald Trump had given Russian President Vladimir Putin a deadline to strike a truce with Ukraine. The US president had earlier threatened 100 per cent seco…

OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility

Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil production increase this weekend, likely completing the revival of its previously suspended output.  The post OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility  appeared first on Nairametrics.