Crude prices have come under pressure in April, weighed down by escalating trade tensions, particularly between the US and China which have intensified fears of a global recession that could dampen energy demand. OPEC+ plans to raise output targets by 411 kb/d in May; however, the actual increase may fall short due to overproduction by some member countries. Global crude runs are projected to average 83.2 mb/d this year, with demand growth expectations dipping, reducing the anticipated annual increase by 230 kb/d to 340 kb/d.