We attribute the decision to stick to the plan and not increase pro-duction faster to several factors. Mobility restrictions in China are weighing on oil demand and likely supported the cautious stance. Russian crude exports in April increased by more than 500kbpd versus March, keeping the oil market well supplied for now. And lastly, dwindling …
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Author: Capt. John
https://www.hellenicshippingnews.com/crude-oil-opec-production-increase-in-line-with-deal/