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Oil Industry to Invest, Produce Less Before Expected Demand Decline, Study Says -- OPIS
OPEC+ production increase plan may be delayed by three months, and crude oil prices have seen the largest two-week gain in two weeks.
The sanctions on Iran's crude oil product and the expected OPEC+ production agreement are jointly driving up oil prices.
Two news stories boost international oil prices, petrochina's Hong Kong stocks rose nearly 4%.
① Why did the usa announce sanctions on Iranian oil? ② What effects will OPEC+'s delay in increasing production have on the crude oil product market?
Crude oil: Oil prices rise as the usa intensifies sanctions on Iran and OPEC+ makes progress towards delaying production resumption.
Crude oil prices saw the largest increase in over two weeks on Tuesday, as the usa announced additional sanctions on Iranian crude oil, and OPEC+ made progress toward further delaying production increases.
Update: WTI Crude Closes Up 2.7% as OPEC+ Seen Delaying Return of Production Cuts
OPEC+ Production Increase Likely to Be Postponed for Another Three Months – Commerzbank
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