Oil

Around 70% of Venezuelan oil since sanctions have been implemented in went to PdVSA’s customers in Asia.

The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.

Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.

Trump on Monday expressed concern about oil prices.

The two sides are yet to sign any official agreement regarding the extension of the deadline.

Oil prices getting too high. OPEC. please relax and take it easy.

The EIA now sees US crude oil production averaging 12.4 million bpd this year and 13.2 million bpd next year.

Prices will drop in the coming months as demand softens.

Analysts say U.S. output will rise further and that oil firms will export more oil to sell off surplus stocks.

The main factor keeping oil prices from rising even further is soaring U.S. oil production.