The Organization of the Petroleum Exporting Countries and allies’ decision to raise crude oil production from April seems more like a move to please US President Donald Trump. The eight OPEC+ countries that voluntarily reduced their oil production levels had reached a consensus on Monday to gradually increase output and reverse these cuts starting
Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the move was pre-planned.
The Trump administration on Tuesday gave Chevron 30 days to stop oil production in Venezuela after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns.
OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider OPEC+ group.
He who cannot change the very fabric of his thought will never be able to change reality. —Anwar Sadat, Former President of Egypt and Noble Peace Prize winner Energy is back on centre stage as Republicans trump the race to the White House.