Concerned by the supply of Iran and Venezuela, and the US said that oil prices rose too fast, OPEC may decide to raise crude oil output as early as June, but the amount of increase has not yet been clarified.

OPEC members are pushing ahead with negotiations to discuss when oil prices will rise above $80/barrel, when exporting countries can boost crude oil production to calm the market, and how much each member country can increase.

With relax oil supply restrictions in June, oil and gas pipeline’s market demand will increase a lot. We all know that seamless steel pipe and ERW steel pipe. Both pipes can be used as caing and tubing and used for oil and gas pipeline. Most common seen standard and steel grades are API 5CT. API 5CT is the standard for Petroleum and natural gas industries—Steel pipes for use as casing or tubing for wells.