OPEC plans to increase production, signaling confidence in oil market recovery

From StockTwits: 2025-03-03 22:16:13

OPEC plans to increase production by 138,000 barrels per day in April, as reported by multiple media outlets. This decision comes as the group aims to gradually ease output cuts put in place due to the pandemic. The move is seen as a reflection of growing confidence in the global oil market’s recovery. OPEC’s decision is expected to have an impact on oil prices and market dynamics moving forward. The group’s decision to boost production signals optimism about the industry’s future prospects amidst ongoing uncertainty.



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