Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
25 March | Oil

OPEC+ sticks to planned oil production hike through May

Brent
WTI Light Crude Oil
OPEC+ sticks to planned oil production hike through May

OPEC+ will increase production by 135,000 barrels per day, marking the second consecutive monthly increase. This move is part of a gradual cancellation of the production cuts implemented since 2022. Reuters reports on this strategy.

In addition to increasing production, OPEC+ is implementing further production cuts for member countries that have previously exceeded their quotas. This aims to balance overproduction by June 2026. Analysts note that high oil prices, low inventories, and growing summer demand support this strategy.

A meeting of the OPEC+ Ministerial Monitoring Committee is scheduled for April 5th to discuss production policy. According to Russian Deputy Prime Minister Alexander Novak, adjustments to the cartel's decision may be made if market conditions change.

Elena Dorohina MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator remained at the same level of 186.4K
30 May
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 465 to 461
30 May
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 566 to 563
30 May
Oil on track for second weekly decline amid expectations of another OPEC+ output hike
30 May
Actual increase in OPEC+ oil supply may be less than announced
30 May
Top news
United States. PCE price index (YoY). The value of the indicator has decreased from 2.3% to 2.1%
30 May
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 2.7% to 2.5%
30 May
Technical indicators point to possible bitcoin price correction – 10xResearch
30 May
Reuters says Trump may resort to other tariff options to circumvent US court ruling
30 May
Bloomberg forecasts weak S&P 500 growth in June after May's 6.2% surge
30 May
All news

Forecasts

AUDCAD sell
Period: 02.06.2025 Expectation: 450 pips
AUDCAD seen retreating to 0.88400
Chart analysis Indicators Fundamental analysis
30 May 2025 57
Jason_O_Brien
GBPUSD buy
Period: 06.06.2025 Expectation: 1400 pips
GBPUSD strengthens amid trade negotiations and weak US data
FA Other Technical analysis TA Other Indicators Fundamental analysis
30 May 2025 47
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva
Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Brent buy
Period: 13.06.2025 Expectation: 350 pips
Lack of unexpectedness during OPEC+ meeting can support Brent crude
FA Other Hot news Chart analysis
30 May 2025 58
John_Bullard
S&P 500 sell
Period: 06.06.2025 Expectation: 1500 pips
Selling SPX on rising US consumer inflation
Indicators and reports Chart analysis
30 May 2025 32
Bruce_Powers
ETHUSD buy
Period: 13.06.2025 Expectation: 30000 pips
Buying ETHUSD with $3000 target with resistance breakout underway
FA Other Technical analysis TA Other Indicators Fundamental analysis
29 May 2025 90
Emily_Foster
Natural gas sell
Period: 30.05.2025 Expectation: 100 pips
Natural gas depreciates due to temporary halt of Freeport LNG facility in Texas
Chart analysis Indicators
29 May 2025 52
Jason_O_Brien
Go to forecasts