Oil Markets Brush Off the OPEC+ Production Push

Oil Markets Brush Off the OPEC+ Production Push

Oil markets have largely ignored the overtly aggressive production policy of OPEC+, with geopolitical fears keeping Brent hovering around $70.

Opec production increase expected to keep oil prices low

Global oil prices are expected to remain low this week following the decision of Opec and its allies to increase production, says Thai Oil Plc (TOP), the country's largest refiner by capacity.

OPEC Production, Iran Talks Reshape Energy Outlook

Global energy markets are watching a delicate balancing act unfold. Between renewed signals of diplomacy with Iran and rising expectations for increased oil production from OPEC and its allies, the next few weeks could bring significant shifts in the direction of oil and gas prices. Iran’s reaffirmation of its commitment to nuclear non-proliferation has eased some of the geopolitical tension that has weighed on markets in recent months. While Te…