OPEC+ oil production plunged in March, led by declines in Russian and Nigerian production.
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Saudi Arabia To Maintain Oil Supply To Asia Despite OPEC+ Cuts | OilPrice.comSaudi Arabia will supply several refiners in North Asia with full contractual volumes in May despite its pledge to cut production by 500,000 bpd.
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Nigeria’s Oil Production Drops For The First Time In Six Months | OilPrice.comNigeria’s oil production decreased by 2% in March, countering expectations of continued growth in the country’s crude output.
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Russia Cuts More Oil Production Than Anticipated | OilPrice.comRussia has reduced its crude oil production by 700,000 bpd in March, exceeding its promised cuts of 500,000 bpd. However, questions remain over the integrity of production data as exports remain steady. Full Story Here:
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Oil Prices Regain Stability As Traders Assess New Market Fundamentals | OilPrice.comOil prices have regained some stability following the OPEC+ decision, with traders attempting to assess the impact of the cuts on global oil supply
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Oil Prices Head Lower In Calmer Trade | OilPrice.comOil prices dipped slightly on Monday morning, as traders attempt to come to grips with what the OPEC+ cut really means for oil markets.
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Saudi- U.S. Relations Sour Further On Huge OPEC+ Surprise Cut | OilPrice.comWith the large production cut and approval of a plan to join the Shanghai Cooperation Organisation, Saudi Arabia has now decisively shifted into the China-Russia sphere of influence
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