博彩对冲

Opec-plus鈥� decision to speed up supply additions in May primarily reflects internal dynamics, particularly frustration with chronic overproducers Kazakhstan and Iraq. Despite the group鈥檚 stated rationale of increasing output on the back of a 鈥渉ealthier鈥� market outlook, we see oil fundamentals as increasingly bearish. The group will release an extra 411,000 b/d in May instead of the planned 135,000 b/d. It hopes a new, front-loaded schedule for 鈥渃ompensation cuts鈥� will mitigate the impact. Our soundings indicate that of eight members due to release extra volumes in May, only two would do so once compensation cuts are factored in.

Indian Oil will add 17.5 million tons of refining capacity from three expansion projects in the fiscal year 2025/26, company officials said.