OPEC+ is set to accelerate its oil output hikes and may unwind 2.2 million barrels per day of cuts by October if compliance doesn't improve among members. This move follows a surprising agreement in April designed to penalize non-compliant nations.
In a bold move, President Trump announced a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision comes amid accusations of Venezuela's ties to terrorism and has significant implications for global oil prices.
