OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April
OPEC+'s indecision on April output plans suggests ongoing uncertainty in the oil market, potentially weighing on prices if the group signals hesitation to increase supply.
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Russia's Foreign Minister Lavrov held a phone call with his Saudi counterpart, TASS reports; talks were focused on Iran and Gaza
OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April
OPEC+ is reportedly leaning towards resuming oil output hikes from April, sources report; no decision has been made, and discussions will continue heading into the next meeting on March 1
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This indecisiveness can influence energy-related assets and may create volatility in currencies tied to oil, including the CAD and NOK as well as impacting inflation expectations going forward.
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