financetom
Business
financetom
/
Business
/
Exclusive-OPEC+ leans towards resumption in oil output increases from April, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-OPEC+ leans towards resumption in oil output increases from April, sources say
Mar 11, 2026 4:06 AM

MOSCOW/LONDON, Feb 13 (Reuters) - OPEC+ is leaning towards resuming increases ​to oil output from ‌April, three OPEC+ sources said, as the ⁠group prepares for peak summer demand ⁠and price strength is bolstered ‌by tensions ‌over U.S.-Iran relations.

The resumption of production increases ​will allow OPEC leader ‌Saudi Arabia and fellow member the UAE to regain market ​share at ​a time ‌members such as Russia, Venezuela and Iran contend with Western sanctions ⁠and a series of setbacks restrain Kazakh ⁠output.

Eight OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman - meet ⁠on ‌March 1.

No decision has ‌yet been made and talks will ⁠continue in the weeks ahead of the meeting, two of the sources said.

OPEC and authorities in Russia and Saudi Arabia did not reply immediately to requests ​for comment.

(Reporting by Olesya Astakhova in Moscow and Alex Lawler and Ahmad ​Ghaddar in LondonWriting ‌by Alex LawlerEditing by ​David Goodman)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved