OPEC+ oil production cuts shake oil markets

<p>Increased volatility, rising prices and strained geopolitical relations. These are some of the side-effects of the latest <a href="https://www.spglobal.com/commodityinsights/en/market-insights/topics/opec-oil-quotas-and-geopolitics" target="_blank" rel="noopener">OPEC+ production cut</a>. <br /> Meanwhile, Platts Market on Close crude assessments fully reflect traders' sharp reaction to the surprise move amid uncertainty in various oil grades.</p> <p>In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Rosemary Griffin, Sam Angell and Luke Stuart join Joel Hanley to discuss the immediate impact of the OPEC+ announcement, the decision by Russian sellers to change the way they price barrels, and potential threats to an already fragile global oil supply.</p> <p><strong><a title="MPGC 2023" href= "https://plattsinfo.spglobal.com/MPGC.html" target="_blank" rel= "noopener">Join us at MPGC 2023! </a></strong><br /> The 30th Annual Middle East Petroleum & Gas conference (MPGC) will be brought to you by S&P Global Commodity Insights, along with the host, Emirates National Oil Company (ENOC) on 22-23 May 2023 in Dubai, UAE. <a title="MPGC 2023 registration" href= "mailto:registration@platts.com?subject=Platts%20MPGC%202023" target="_blank" rel="noopener">Registrations are open!</a></p> <p><strong>Related Platts price assessments:</strong><br /> <a href= "https://platform.platts.spglobal.com/web/client?auth=inherit&ignoreIDMContext=1&action=logout#platts/priceProfile?symbol=PCAAS00" target="_blank" rel="noopener">PCAAS00 - Dated Brent</a><br /> <a href= "https://platform.platts.spglobal.com/web/client?auth=inherit&ignoreIDMContext=1&action=logout#platts/priceProfile?symbol=PCAAT00" target="_blank" rel="noopener">PCAAT00 - Dubai Mo01 (NextGen MOC)</a><br /> <a href= "https://platform.platts.spglobal.com/web/client?auth=inherit&ignoreIDMContext=1&action=logout#platts/priceProfile?symbol=AAWVH00" target="_blank" rel="noopener">Urals FOB Primorsk</a><br /> <a href= "https://platform.platts