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OPEC oil output only rises by 90,000 bpd in March
According to Reuters estimates, OPEC oil production changed slightly in March - an increase of 90 thousand bps.
The main contribution was made by Saudi Arabia (+100 thousand bpd), Iraq (+40 thousand bpd), United Arab Emirates (+60 thousand bpd), Nigeria (+30 thousand bpd), Angola (+20 thousand bpd).
The decline in production continued in Iran (-70 thousand bpd), Libya (-45 thousand bpd), Venezuela (-40 thousand bpd).
As we all recall, the agreement on the limitation of production under the OPEC+ transaction has ceased to be effective from today.
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On the first day of April, when the OPEC+ restrictions ceased to apply, Saudi Arabia began to fulfill the promise to increase oil supplies to the market, however, a number of tankers leave Saudi ports with oil without their final destination (which once again confirms that the oil wars actually occur in verbal form (in the media)).
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#fibogroup #forex #forexnews #economy #finance #trader #oil #crisis
According to Reuters estimates, OPEC oil production changed slightly in March - an increase of 90 thousand bps.
The main contribution was made by Saudi Arabia (+100 thousand bpd), Iraq (+40 thousand bpd), United Arab Emirates (+60 thousand bpd), Nigeria (+30 thousand bpd), Angola (+20 thousand bpd).
The decline in production continued in Iran (-70 thousand bpd), Libya (-45 thousand bpd), Venezuela (-40 thousand bpd).
As we all recall, the agreement on the limitation of production under the OPEC+ transaction has ceased to be effective from today.
=======
On the first day of April, when the OPEC+ restrictions ceased to apply, Saudi Arabia began to fulfill the promise to increase oil supplies to the market, however, a number of tankers leave Saudi ports with oil without their final destination (which once again confirms that the oil wars actually occur in verbal form (in the media)).
=======
Trade with the Fibo Group!
Trading Terms: https://www.fibogroup.com/analytics-and-training/analytics/?utm_campaign=forum_eng
Account Opening: https://www.fibogroup.com/#real/?utm_campaign=forum_eng
#fibogroup #forex #forexnews #economy #finance #trader #oil #crisis