How to trade crude oil on? Mohammed Imran of Mirae Asset Sharekhan decodes

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How to trade crude oil on? Mohammed Imran of Mirae Asset Sharekhan decodes - Business Standard

Quick Summary:

Under the revised schedule, these nations will collectively reduce output by an average of 2,63,000 barrels per day over a 15-month period, from April 2025 to June 2026.

On March 3, Opec+ decided to go ahead with their planned production restoration of 2.2 mbpd of production in phase manner until September 2026, starting with restoration of 1,38,000 barrels per day.

The new plans aim to offset a cumulative overproduction of approximately 4.203 million barrels from January 2024 to February 2025, translating to an average monthly overproduction of about 300,000 barrels per day.