Energy Prospectus

"Key members of the broader OPEC+ group have agreed to accelerate oil production starting in May even as OPEC sees slightly lower demand for crude and softer economic growth."
https://www.cnbc.com/2025/04/14/opec-cuts-oil-demand-forecast-on-trump-trade-war.html

Is this the payoff to Trump for the attacks on the Houthis in Yemen, foes of the Saudis for a decade? Trump wants lower prices at the pump.

Make no sense since the Saudis need $80 pb to pay their social welfare commitments.

Maybe to help Trump or to get more oil on the market because demand ALWAYS goes up in May or because the US may soon be taking a lot of Iran's oil off the market.

Just remember that the global oil market is ~103,000,000 bpd.