Oil prices decline as OPEC+ confirms production increase

Azernews.Az

4 March 2025 12:05 (UTC+04:00)

Akbar Novruz

Oil prices continued their decline on Tuesday as OPEC+ reaffirmed its planned production increase in April, while markets reacted to new U.S. tariffs on Canada, Mexico, and China. The combination of rising supply and trade restrictions has fueled concerns over a potential market imbalance. With OPEC+ moving ahead with its production increase and U.S. tariffs reshaping global trade flows, oil markets remain volatile. The coming weeks will be critical in determining whether supply-demand dynamics stabilize or if further declines in oil prices are on the horizon.

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