OPEC, Oil Prices

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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
Markets were stunned when OPEC when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.
8 OPEC nations boost crude oil production by 411,000 barrels a day
Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6%. The increase was much more than expected and starts in May.
Oil Prices Tumble on Trump Tariffs and OPEC+ Production Hike
Oil prices experienced a sharp decline this week due to the announcement of U.S. tariffs on trade partners and OPEC+'s decision to significantly increase production, raising concerns about weakened demand and oversupply.

Oil, recession and global trade war

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Oil falls to lowest level in more than three years amid recession fears, OPEC+ production hikes
President Trump’s tariffs have raised fears of a recession just as projections for global oil supply have jumped.
Oil falls 3.75% amid global trade war recession fears
By Newsbase MENA syndication Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand,
Oil plunge deepens on fears global trade war could trigger recession
Oil prices slid more than 3% on Monday, deepening last week's losses, as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude. Brent futures declined $2.
Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost
Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise ...
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OPEC+ to Raise Oil Production by More Than Expected in May
OPEC+ has decided to accelerate the reversal of production cuts, adding 411,000 barrels per day to its combined supply in May ...
‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.
Kazakhstan's oil and condensate production hits record in March, sources say
Kazakhstan's oil and condensate output reached a record high in March, with higher output from the giant Tengiz oilfield and ...
Leaked files raise fears over safety of Shell oil production fleet, years after devastating spill
The company is currently in the midst of a wrongful dismissal lawsuit with a former employee, a safety engineer from London, whom Shell said was fired for poor performance. An interim court ruling ...