Oil futures ended lower Monday after the major producers known as OPEC+ said they will boost output starting in April, and as President Donald Trump's planned tariffs on imports from Canada and Mexico ...
OPEC nations and oil-producing allies reaffirmed Sunday plans to keep current oil output levels unchanged until March, and agreed a mechanism to assess members' maximum production capacity, without ...
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Opec+ pauses oil output hikes to regain market shareOpec+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share due to fears of a looming supply glut.
HSBC forecasts that OPEC+ will increase its output more rapidly in late 2026, even after a planned pause in the first quarter of 2026. Despite the Q1 2026 pause, HSBC maintains a bearish outlook on ...
While the oil market has reacted to the OPEC+ announcement, the reaction in prices may be bigger than the real increase in overall oil production that the market will see, said Flynn. If the U.S.
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