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OPEC’s Oil Output Rises to One-Year High Before Planned Revival

Summary by Bloomberg

OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates.

Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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Bloomberg

OPEC’s Oil Output Rises to One-Year High Before Planned Revival

OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates.

7 hours ago·United States

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PressTV

OPEC+ to raise output for first time since 2022: Report

A report shows that the OPEC+ will go ahead with plans to increase its output in April.

5 hours ago·Tehran, Iran, Islamic Republic of

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Zero Hedge

Oil Prices Plunge As OPEC+ 'Delegate' Hints At Output Hikes 'Due To Trump Pressure' - Nemos News Network

Bloomberg is reporting, according to a ‘delegate’ that OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald Trump to lower oil prices. The surprise move – which immediately sent crude prices reeling – means the group led by Saudi Arabia and Russia will go ahead with the increase of […]

11 hours ago·United States

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Barchart.com

Crude Prices Retreat as OPEC+ Moves to Restore Crude Production

April WTI crude oil (CLJ25 ) Monday closed down -1.39 (-1.99%), and April RBOB gasoline (RBJ25 ) closed down -0.0345 (-1.55%). Crude oil and gasoline prices sold off Monday, with crude falling to a 2-3/4 month low. Crude prices retreated on concern that President Trump's plans to impose tariffs on...

4 hours ago

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energynewsbeat.co

Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on healthier oil market outlook

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive market outlook, they re-affirmed their decision agreed upon on December 5…

5 hours ago

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Geopolitical Futures

Resurrection of the Keystone XL Pipeline - Geopolitical Futures

(click to enlarge) U.S. President Donald Trump has announced plans to revive the Keystone XL Pipeline, reversing the Biden administration’s efforts to cancel it. The project, which would transport oil from Alberta’s oil sands to Texas at an estimated cost of $8 billion, has faced fierce opposition from environmentalists and Native American groups for over a decade. However, the biggest obstacle has been shifting political winds. As of January 20…

10 hours ago

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