OPEC+ Could Pump More Oil in June, DNB Markets Says -- Market Talk

Dow Jones

2025/04/24

0909 GMT - OPEC+ could boost production beyond current plans in June amid mounting tensions with Kazakhstan, according to DNB Markets. "Saudi Arabia and its allies will likely immediately launch a broad diplomatic push to convince Kazakhstan to comply with its OPEC+ target," energy analysts Helge Andre Martinsen and Tobias Ingebrigtsen say. "But if Riyadh fails to assert discipline that way, it could try to compel Kazakhstan and other errant OPEC+ members to fall in line by flooding the market with more oil, effectively launching a price war." Kazakhstan's crude production stood at 1.82 million barrels a day in March, 27% above its OPEC+ target, DNB says. OPEC+'s production plans for June will be decided on May 5. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 05:09 ET (09:09 GMT)

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OPEC+'s production plans for June will be decided on May 5. 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OPEC+'s production plans for June will be decided on May 5. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 05:09 ET (09:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UCO","symbol_name":"二倍做多彭博原油ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529725676","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529725676","pubTimestamp":1745485740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0909 GMT - OPEC+ could boost production beyond current plans in June amid mounting tensions with Kazakhstan, according to DNB Markets. \"Saudi Arabia and its allies will likely immediately launch a broad diplomatic push to convince Kazakhstan to comply with its OPEC+ target,\" energy analysts Helge Andre Martinsen and Tobias Ingebrigtsen say. \"But if Riyadh fails to assert discipline that way, it could try to compel Kazakhstan and other errant OPEC+ members to fall in line by flooding the market with more oil, effectively launching a price war.\" Kazakhstan's crude production stood at 1.82 million barrels a day in March, 27% above its OPEC+ target, DNB says. OPEC+'s production plans for June will be decided on May 5. 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OPEC+'s production plans for June will be decided on May 5. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 05:09 ET (09:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}