OPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supply
(Bloomberg) - OPEC+ agreed to renew oil manufacturing will increase at a barely accelerated tempo, whilst battle sparked by U.S.–Israeli strikes on Iran heightens dangers to international crude flows. Key members led by Saudi Arabia and Russia will add 206,000 bpd in April, in line with a press release following the group’s month-to-month assembly. The rise follows a first-quarter pause in deliberate provide hikes and is modestly bigger than the 137,000-bpd...
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