OPEC+ Ministers Reject Bearish Reaction to Oil Output Increase.

OPEC+ ministers have rejected the negative response 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 criticized some analysts and media for misinterpreting the OPEC+ agreement and expressed confidence that the market will come to see that they made the right decision. Despite concerns about the market's ability to absorb the increased supply, the ministers remain optimistic about oil demand, citing a rise in global consumption in the first quarter of the year. [Extracted from the article]