OPEC+ Ministers Reject Bearish Reaction to Output Increase.

OPEC+ ministers have rejected the bearish reaction to their decision to gradually increase crude oil production from October. They believe that the market will eventually understand and support their policy. The ministers emphasized their commitment to the stability of the oil market and their ability to quickly respond to any changes. They also criticized some analysts and media for misinterpreting the OPEC+ agreement. Despite concerns about the market's ability to absorb the additional supply, the ministers remain confident in their decision. They highlighted that oil demand is strong and resilient, with global consumption increasing in the first quarter of the year. [Extracted from the article]

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