OPEC+
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
Brent futures rose by $2.63, reaching $89.74 per barrel
