OPEC+
U.S. President Trump followed through on threats of increased tariffs against China, Canada, and Mexico
The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026
WTI crude futures dropped by 0.9 percent to $67.64 a barrel
Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports
West Texas Intermediate (WTI) crude futures increased by 0.7 percent to $70.92 per barrel
West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel
Brazil will serve as an advisor in the Charter of Cooperation, without production or price obligations
Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel
The deal aims to support investments in renewable energy, energy efficiency, climate adaptation, climate-related equipment production, and circular economy initiatives
Cumulative investment requirements are estimated at $17.4 trillion between 2024 and 2050
These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources
