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Reuters columnist Clyde Russell says OPEC+ kept its plan for modest monthly output increases, with the May rise of about 432,000 bpd mainly reflecting baseline recalculations. He notes uncertainty from the US strategic reserve release, potential Russian supply losses and Chinese COVID lockdowns.
Market commentary frames OPEC+ inaction as leaving crude tight, which keeps energy and diesel costs elevated for feed transport and processing.
energynow.comClyde RussellApr 1, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
