S03 Ep22 Energy Market Update: OPEC+ has agreed another production increase

Loading player...
OPEC+ has agreed to increase production, setting July's output at 410 kb/d above June and 822 kb/d above the original target. Despite these increases, oil prices rose, likely due to geopolitical tensions, including strikes on Russian airfields that may affect production.

Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. This podcast does not constitute a personal recommendation and is not investment advice.
2 Jun 2025 English South Africa Business

Other recent episodes

S04 Ep37 Energy Market Update: Brent nears $98 as Iran-Israel tensions rekindle supply fears

Brent crude briefly approached $98/bbl after renewed military exchanges between Iran and Israel heightened concerns over Middle East supply risks. Iran launched rockets following Israeli strikes in Beirut, while Israel subsequently targeted Iranian military sites despite reported US efforts to restrain escalation. Please note: this podcast is provided for information…
8 Jun 3 min