Oil, market in the hands of Opec Plus: production does not go up elsewhere

Opec Plus will meet in the afternoon of 1 June with some apprehensions about the return of Iranian oil and the weakness of consumption in the regions still affected by Covid. But the coalition, according to rumors on the eve, should keep the bar steady by continuing the gradual opening of the taps at least until July. The question is rather what will happen next, when – even with the extra barrels from Tehran – there is a serious shortage of supply.

Towards an increase in production

Plans already agreed …