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In OPEC + June, the rising exit again increased, because group leaders continue to speed the supply that produces excessive raw prices that demolished raw prices.
The main nations led by Saudi Arabia and Russia, after a video conference on Saturday, they agreed to add 411,000 barrels per day in connection with the OPEC website. The mirrors of a growing grounds that happened last month were announced when the shock decision to bring back the groupplanned volume three timesFor the month of May.
Crude merchantsIn recent weeks, after the signal of the Saudi Arabia, it has already increased for a large increase in low oil prices. However, this is a dramatic opposite, increasing the consequences of the Cartel’s oil prices in recent months, and the future of the union’s future assumptions.
Although the “Current Sunday Basics” quoted in question, Opec + Representatives, Kazakhstan and Iraq, who are an excessive product by members such as Kazakhstan and Iraq, choose to choose a discipline with a price decrease.
“OPEC + just threw a bomb in the oil market,” he said. “By this action, Saudi Arabia wants to punish the compliance of Kazakhstan, but also links President Trump to low oil prices.”
Read:Understand the impetus for the low prices of Saudi: Javier Blas
Riyadh trying to strengthen relations with the US President Donald Trump, which will travel to the Middle East and reduce fuel costs from oil exporters. Trump also holds variable talks about the political enemy of Riyadh and the Nuclear Pact with a fellow OPEC member.Pus.
Oil prices are a little close to London on Friday, because a four-year barrel, Saudi Pivot, Trump’s thinking against China – the world’s largest oil importer and other major economics. Opec + began to increase exit before leaving, and the oil markets faced 2025 surplusSlows the Chinese requestand plenty of American supplies.
The United States, which is immersed in prices, threatens oil companies, including oil companies, not to call Trump’s “drilling, baby, boring.” In addition, the Saudis writes pain for OPEC + members, including themselves.
The Kingdom was forced to invest in projects in the heart of Crown Prince Mohammad Bin Salman. The worldview for the Mideast nations was reduced last week by the International Monetary Fund, which estimated that the Riyadh’s oil prices needed more than $ 90.
So far, “sweat” seems to have been successful in the reform of the alliance’s naughty producers.
Although it is a little effort to respect Iraq to respect the goals, the group’s most philibrous quota-cheat and Riyadh’s large focus is called in the center of Riyadh.
Kazakhstan has limited volume to reconstruct international oil companies Bar Corp. and Width Because they work on projects to expand their production and acquainted with the issue, people did not want to limit the operations of the country. Astana, in March 422,000 barrels per day, overturned the Opec + target with the group’s data show.
Chevron CEO Mike Wirth, said he did not discuss the company’s tengiz development in the conference call on Friday, recently discussed the potential restrictions on the company’s Tengiz development.
Opening by Opec +, Saudi Minister of Saudi Energy Prince Abdulaziz Bin Salman called on the group to be careful with his five-year term. In 2020, OPEC + leader is a strategy that is closer to the short war.
Moscow’s attitude to Saudi pivot is not known. President Vladimir Putin still needs oil revenues to finance the four-year war against neighboring Ukraine, but the hot relations with Trump can offer relief from Russian oil trade sanctions.
The eight OPEC + member participating in the speeds is in the process of stopping production since 2022. On June 1, they will meet on June 1 to evaluate production levels in July.
This story was first displayed Fortune.com
