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Eight OPEC+ producers approved a 206,000 bpd increase for April, the start of a gradual unwinding of 1.65 million bpd in cuts. The statement cites healthy market fundamentals, while disruptions in the Strait of Hormuz since February 28 have limited shipments.
Output increases are modest and cannot offset blocked Gulf exports, so physical supply stays tight. Crude prices are likely to stay firm, which supports diesel and freight costs for feed producers.
arabnews.comArab NewsMar 1, 2026After 442 past bullish policy events, BRENT moved a median +1.4% over 5 sessions (60% higher; middle half -2.0% to +4.9%), and +2.1% over 20.
After 90 past bullish policy events, DIESEL moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
