#middle-east-geopolitical-tensions

[ follow ]
#oil-price-volatility #global-energy-markets #opec-production-increase #strait-of-hormuz-disruption-risk
Miscellaneous
fromFortune
1 day ago

OPEC+ to resume oil output increases as Iran conflict rages | Fortune

OPEC+ increased oil production by 206,000 barrels daily in April amid Middle East tensions, though the modest hike may prove insufficient to stabilize markets threatened by potential Strait of Hormuz disruptions.
World news
fromFortune
2 days ago

OPEC+ to weigh bigger hike after Iran strike, delegates say | Fortune

OPEC+ will consider larger supply increases at Sunday's meeting following US-Israel attacks on Iran, potentially exceeding the planned 137,000 barrels-per-day increase.
[ Load more ]