WS #11432
OPEC+ expected to raise quotas by 188k bpd as Strait of Hormuz traffic normalizes, pushing oil prices lower and benefiting importers. Putin and Trump hold 90-minute call discussing Ukraine; no concrete breakthrough, but diplomatic channel remains open. Record lease bids in National Petroleum Reserve-Alaska from Exxon, Shell, Repsol signal long-term supply concerns despite near-term de-escalation.
OPEC+ quota increase and oil de-escalation
OPEC+ expected to raise quotas by 188k bpd as Strait of Hormuz traffic normalizes, pushing oil prices lower and benefiting importers.
Putin and Trump hold 90-minute call discussing Ukraine; no concrete breakthrough, but diplomatic channel remains open.
Record lease bids in National Petroleum Reserve-Alaska from Exxon, Shell, Repsol signal long-term supply concerns despite near-term de-escalation.