SITUATION REPORT

Global: OPEC's Production Increase Provides Some Tariff Respite

May 5, 2025 | 15:32 GMT

OPEC+ announced on May 3 that it will raise its collective oil production cap by 411,000 barrels per day in June, an increase from the original production increase of roughly 138,000 barrels per day to which the bloc previously agreed....

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