Novak: Russia's Crude Production Up In May
Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on Monday
Source: oilprice.com
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OPEC Stays Silent As EU Rushes To Ban Russian Oil
While the EU is rushing to implement a Russian oil ban, OPEC is keeping mum, and hasn’t moved to add extra barrels to its June oil production quota
Source: oilprice.com
OPEC+ Agrees To Boost Production By 432,000 Bpd In June
The OPEC+ group agreed on Thursday to leave its production plan unchanged, aiming to boost crude oil production in June by 432,000 barrels per day (bpd), in a move widely expected by the market
Source: oilprice.com
Don't Expect OPEC+ To Boost Production In June
OPEC’s Joint Technical Committee hasn’t revised demand growth forecasts ahead of tomorrow’s Ministerial meeting, and has recommended only a very small additional increase for June’s output quota’s
Source: oilprice.com
OPEC+ Seen Sticking To Current Production Arrangement
OPEC+ will most likely continue boosting oil production at the current rate of around 400,000 bpd at its next meeting
Source: oilprice.com