OPEC+
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
The rise in prices is fueled by geopolitical tension and supply concerns
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
China and U.S. demand boost prices amid Middle East conflict
Green finance emerges as major player in supporting economic diversification efforts
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
China's manufacturing activity expanded for the first time in six months in March
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
