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OPEC+ to keep oil output unchanged as Iran tensions boost prices
OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said on Sunday, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.
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OPEC+ agrees in principle to keep oil output pause for March, sources say
OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, 鈦燼ccording to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the U.
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Iran is not a major oil producer, but it still moves prices. Here's why
"If we were to get a confrontation between the U. S. and Iran that led to the loss of Iranian oil exports, there just isn't a lot left in the OPEC tank to cover that," Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC.