RE: Trumps U Turn14 Apr 2025 08:42
Don't like this surly Opec will hold back ?
OPEC+ decision to increase output more quickly than expected raised concerns about a potential supply glut. Traders now await the producer groupβs monthly market outlook, due later today, for clues about underlying conditions. On the geopolitical front, signs of easing tensions between the U.S. and Iran may further boost global supply, particularly for key buyer China. Talks held in Oman over the weekend marked the first high-level engagement between the two nations since 2022 and signaled a renewed effort to resolve the long-standing standoff over Tehranβs nuclear program.