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OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike Bloomberg 4/1/2021 Salma El Wardany, Javier Blas, Dina Khrennikova and Grant Smith (Bloomberg) OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Popular Searches Before Thursday’s meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are more convinced now that fuel demand is on a firmer footing after a yearlong beating from the coronavirus. As countries like the U.S. rapidly expand their vaccination programs, there are growing signals that the oil market is healing. Last week, American refiners processed the most crude since the pandemic started as they prepared for a surge in driving and flying.

United statesSaudi arabiaCity ofUnited kingdomAlexander novakRoger diwanJennifer granholmMarkit ltdUs energyOrganization of petroleum exporting countriesBloomberg oilEnergy ministry of kazakhstanKazakhstan energy ministryEnergy ministryPetroleum exporting countriesSecretary jennifer granholm