OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.

Reuters

United Kingdom

OPEC+ sticks to modest oil output rises, ditches IEA data

OPEC and allies including Russia agreed on Thursday to another modest monthly oil output boost, resisting pressure to pump more, and ditched the Paris-based International Energy Agency as a data source in a sign of a hardening standoff with the West.

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LONDON (AP) — OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves . 

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OPEC sticks to modest boost in oil despite war jitters

It's decision time again for the OPEC+ group of oil-producing countries

abc News

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OPEC likely to stick to modest oil boost despite war jitters

OPEC and allied oil producers including Russia have decided to stick to a modest increase in the amount of crude it pumps to the world

The Washington Post

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The meeting comes more than a month after Russia launched its invasion of Ukraine.

CNBC

Roberts family

OPEC+ sticks to modest oil output hike as U.S. considers unprecedented release of reserves

A group of oil exporting countries known as OPEC+ agreed to stick to a modest supply increase despite high prices linked to Russia’s invasion of Ukraine.  OPEC+, which includes Russia, as well…

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OPEC+ sticks to modest oil supply increase despite high prices

OPEC+ sticks to modest oil output increase despite Western pressure

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OPEC+ Sticks To Modest Oil Output Increase Despite Western Pressure

Author: Thu, 2022-03-31 15:08
	OPEC+ agrees on current oil output unchanged despite pressure from consumers to increase more oil, Reuters reported, citing sources.Main category: Business & Economy

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OPEC+ to stick to same oil output plan despite consumers' pressure

LONDON (AP) — OPEC and allied oil producers including Russia are deciding how much crude to pump to the world Thursday, with expectations for only a modest increase despite pleas for more. High oil prices are fueling inflation in the U.S. and other countries and cushioning the blow of Western sanctions over Russia’s invasion of Ukraine. Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production …

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OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.The group, known as OPEC+, said it would add 432,000 barrels per day in May, as it works to gradually restore production cuts made during the depths of the coronavirus pand…

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OPEC and allied oil producers decide how much crude to pump to the world Thursday. High oil prices are fueling inflation in the U.S. and other countries. Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases. The war in Ukraine and sanctions against Russia have also fed higher prices.

OPEC sticks to modest boost in oil despite war jitters

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