Politics and Government Politics and Government
Fri, February 7, 2025
Thu, February 6, 2025
[ Thu, Feb 06th ] - Politico
God, Trump and pancakes
Wed, February 5, 2025
Tue, February 4, 2025
Mon, February 3, 2025
Sun, February 2, 2025
Sat, February 1, 2025
Fri, January 31, 2025
Thu, January 30, 2025
Wed, January 29, 2025

OPEC+ rolls over oil policy, ditches US government data


//politics-government.news-articles.net/content/ .. -over-oil-policy-ditches-us-government-data.html
Published in Politics and Government on Monday, February 3rd 2025 at 14:40 GMT by Reuters   Print publication without navigation

  • OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.

OPEC+ is expected to maintain its current oil production increase plan, as indicated by sources cited in a Reuters article from February 3, 2025. Despite pressures from some member countries to adjust the output due to fluctuating market conditions, the organization is likely to adhere to the previously agreed schedule of gradually increasing production. This decision comes amidst concerns about global economic recovery, potential oversupply, and the ongoing geopolitical tensions affecting oil prices. The strategy aims to stabilize oil markets by balancing supply with demand forecasts, although some members argue for a more flexible approach to better respond to real-time market dynamics.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/opec-likely-stick-oil-output-hike-plan-sources-say-2025-02-03/ ]

Publication Contributing Sources