Oil prices began to decline after the OPEC+ solution to continue the gradual abolition of voluntary production since April 2025.
This decision includes a slow increase in oil production by about 138,000 barrels per day (barrel per day) from April 2025 to September 2026 as part of a wider strategy for revising the market of 2.2 million barrels per day.
The solution reflects the balance: OPEC+ seeks to stabilize oil markets with poor demand (especially from China) and an increase in OPEC offers (for example, from the USA, Canada and Brazil), while avoiding an excess supply that can even reduce prices.
And this is good news for us, because the price of Russian oil Urals also fell, respectively. Visit in his channel TG Sergei Makakon, former director of Ukrainian GTS.
Source: Racurs
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