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By Irina Slav - Apr 04, 2021, 6:00 PM CDT Oil prices went on a rollercoaster ride this week ahead of the April OPEC+ meeting to discuss how production control is going and what their next steps would be over the next few months. According to the latest reports, Saudi Arabia has said it may start relaxing its voluntary 1-million-bpd cuts, starting with 250,000 bpd in May and June each, and then easing further. The cartel as a whole will implement a production cut easing of 350,000 bpd in May and June, and another 400,000 bpd in July, according to sources. The figures naturally sparked increased oil trading activity with benchmarks on the seesaw as new updates emerged. At the time of writing this story, both Brent and West Texas Intermediate were above $60 a barrel, up by 2 percent from Thursday’s close.

Saudi arabiaUnited statesWest texas intermediateUnlimited futurebutSaudi arabiadidIrina slavOil productionOil exportsOil marketsOutput cutsசவுதி அரேபியாஒன்றுபட்டது மாநிலங்களில்மேற்கு டெக்சாஸ் இடைநிலைஎண்ணெய் ப்ரொடக்ஶந்எண்ணெய் ஏற்றுமதிகள்எண்ணெய் சந்தைகள்