Opec articles
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Biggest increase in March oil output comes from Iran: OPEC report
Iran’s oil production in March 2024 stood at 3.188 million barrels per day (bpd), showing a 28,000-barrel increase from its February output, the biggest hike among the members of the Organization of Petroleum Exporting Countries, the Monthly Oil Market Report (MOMR) of OPEC showed.
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Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low
Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low Authored by Tsvetana Paraskova via OilPrice.com, Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday, citing data from tanker-tracking data obtained from industry sources. In the 2023/2024 fiscal year ended March 31, the share of...
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Israel-Iran conflict will add to Fed’s caution on rate cuts as oil prices may disrupt inflation fight—but China and OPEC+ could ease pressure, Capital Economics says
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."