Is the Riyadh Agreement really beneficial? Wall Street predicts: OPEC+ will increase production in April
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Jason Prior, head of the oil trading department at Bank of America, stated that OPEC+ is expected to resume approximately 150,000 barrels per day of oil production starting in April. Previously, Bank of America chief strategist Michael Hartnett also mentioned in a report that Trump might reach an agreement with OPEC+ countries to increase crude oil production in exchange for policy support such as lifting sanctions on Russia, thereby lowering energy prices and alleviating inflationary pressures
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