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OPEC+ to slowly ease output after April: Russian min.
-According to current deal of group, member states will increase production by 2.1 million bpd until end of July
Turkish Central Bank keeps interest rates unchanged
- Policy rate, also known as 1-week repo rate, stands at 19% in line with market expectations and tight monetary policy stance
US Dept of Energy pledges $162M to decarbonize vehicles
- Funding to support lowering carbon emissions, electrifying vehicles along with expanding electric vehicle infrastructure
Action to achieve Paris climate to upend oil, gas prices
- With progressive electrification, oil demand and power of major oil producers will shrink