On April 3, OPEC+ surprised the market by raising its headline production targets by 411,000 bpd for May, which was quite a bit more than the 135,000 bpd which was expected as part of a gradual ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last month’s report. The increase in Iran and Venezuela’s crude output has been ...