OPEC+ leans towards resumption in oil output increases from April: Reuters

OPEC weighs resuming oil production increases starting in April

Some OPEC+ Nations See Scope to Resume Supply Hikes in April

Some OPEC+ members see scope for the alliance to resume supply increases in April, believing concerns of a glut in global oil markets to be overblown.

Exclusive: OPEC+ leans towards resumption in oil output increases from April, sources say

OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-Iran relations.

Oil prices hold near $68 as OPEC+ April supply talk meets softer U.S. inflation

Brent crude rose 11 cents to $67.63 a barrel and WTI held at $62.84 after Thursday’s near 3% drop, as a softer U.S. inflation reading steadied prices. The IEA cut its demand outlook and reported a large U.S. inventory build. OPEC+ sources said the group may resume output hikes from April, with talks set for March 1. The post Oil prices hold near $68 as OPEC+ April supply talk meets softer U.S. inflation appeared first on TechStock².

Some OPEC Members See Scope to Resume Hikes in April

Some OPEC+ members see scope for the alliance to resume supply increases in April.