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00:02Eight OPEC-plus countries said Sunday they will raise crude output by 206,000 barrels per day
00:08in April as U.S. and Israeli forces launched attacks on Iran and Tehran retaliated across
00:13the Gulf, according to AP. The organization said at a Sunday meeting scheduled before the war that
00:18it would raise production by 206,000 barrels per day in April, exceeding analyst expectations.
00:24The producers are Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan,
00:31Algeria, and Oman. Attacks, including on two vessels in the Strait of Hormuz,
00:36threaten shipments through the route that carries about 15 million barrels per day
00:40or 20% of global supply, according to Ristad Energy. Ristad said Brent Crude could jump $20
00:46from Friday's close of $72.87 when trading opens. For all things money, visit Benzinga.com.
00:54For all things money, visit Benzinga.com.
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