Page 21 - சவுதி ஆற்றல் அமைச்சர் ப்ரிந்ஸ் அப்துலஜிஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

OPEC+ surprises with more oil output, market surprises with higher prices Supply will be put on market over next 3 months; US energy secretary speaks with Saudi counterpart Photo: Jim Allen/FreightWaves For the second consecutive month, the Organization of Petroleum Countries and the non-OPEC oil exporters in the “plus” group that together make up OPEC+ surprised oil markets, this time with a decision to increase output. The second surprise from the virtual OPEC+ meeting Thursday is that oil prices finished the trading day near the highs of the day’s activity. Ultra low sulfur diesel on the CME commodity exchange settled at $1.8325/gallon, the highest settlement since the March 17 settlement of $1.9061/g. The increase for the front month May contract was 6.18 cents/g.

Saudi arabiaUnited statesDonald trumpBill richardsonSaudi energyEnergy jennifer granholmOrganization of petroleum countriesInternational energy agencyUs energy information administrationPetroleum countriesWest texas intermediateSaudi energy minister prince abdulazizInformation administrationEnergy secretary bill richardsonPresident donald trumpInternational energy