Eight key producers to raise output by 411,000 barrels per day as part of a gradual, flexible reversal of voluntary cuts, with adjustments subject to market conditions In a move aimed at supporting oil market stability, eight OPEC+ member countries have agreed to incrementally increase crude production starting in May 2025. The decision, announced following a virtual meeting on April 3, reflects a unified approach among oil producers to navigate an evolving global energy landscape. The participating nations — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman — will implement a combined production adjustment of … Continue reading OPEC+ to Increase Oil Output in May to Maintain Market Stability