Delegates say OPEC + will increase production in April as planned, phasing out cuts in 2.20 million barrels per day by 2026
2025-03-03 18:33:00
On March 4th, under the pressure of Trump's demand to lower oil prices, OPEC + will continue to implement the plan to resume the shutdown of oil production after repeated delays. This news caused the international oil price to plunge to the lowest level since December last year. Delegates said that OPEC + will continue to implement the plan of increasing production by 138,000 barrels per day in April, a move that is surprising. Delegates said that < b > this will be the first increase in a series of monthly production increases to resume production that has been suspended for more than two years, and that the reduction of 2.20 million barrels per day will be phased out by 2026 . Crude oil traders had widely expected OPEC + to delay production again, which has been delayed three times since it was first announced in June last year.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
