Summary France expects EU consensus on Russian oil ban by end of week OPEC+ set to stick to modest oil output rises amid price rally Rising oil prices buy Iran time in nuclear talks, officials say May 5, LONDON (Reuters) - Oil prices extended gains on Thursday on supply concerns…
The meeting of the OPEC+ ministerial monitoring committee, which is scheduled to discuss a plan to restore oil production in June, began via videoconference
The Organization of Petroleum Exporting Countries and its allies are set to stick to modest oil output increases on Thursday despite the volitiality of the markets caused by Russia's invasion of Ukraine and new COVID lockdowns in China. Delegates from the group said OPEC+ was set to agree another monthly increase of 432,000 barrels per day in its production target for June,