OPEC+ agreed to increase daily oil production by 206,000 barrels starting May 2026. Eight countries including Saudi Arabia and Russia expressed concerns about attacks on energy infrastructure.
OPEC+ agreed to raise oil output by 206,000 bpd for May, a largely symbolic increase as key Gulf members cannot boost production due to Strait of Hormuz closure from US-Israeli-Iran conflict.
Eight OPEC+ countries raised oil production quotas by 206,000 barrels per day for May, with Russia's quota increasing by 62,000 b/d. Hormuz Strait difficulties prevent immediate supply increases.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.