US EditionOPEC+ to Consider 137,000 Bpd Oil Output Increase for April, Sources ...
OPEC+ plans a 137,000 bpd output rise to regain market share and meet peak summer demand amid rising U.S.-Iran tensions boosting oil prices, analysts say.
- On Wednesday, Bloomberg reported OPEC+ is likely to approve an April 2026 output rise of 137,000 barrels per day, ending a three-month pause at the March 1 scheduled cartel meeting.
- Facing seasonal demand, members paused increases for the first quarter of 2026 and now, unwinding earlier output cuts, to let Saudi Arabia and the UAE claw back market share.
- OPEC+ supplies about half of global oil, and the eight members raised production quotas by about 2.9 million barrels per day from April to December 2025, equal to about 3% of global demand.
- Market moves — including a $72.50 seven-month high this week — reflect that analysts warn U.S.-Iran tensions have added a $3–$4 per barrel risk premium and could push prices higher.
- If flows through the Strait of Hormuz are disrupted — about 20–30% of seaborne oil — then JPMorgan warned of a $130 worst-case price spike, sources said.
11 Articles
11 Articles
OPEC+ To Consider Oil Output Hike By 137,000 bpd For April
OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand and navigate market share strategies, Bloomberg reported on Wednesday ahead of a scheduled cartel meeting on March 1. The group had previously implemented 137,000 bpd hikes in late 2025 before pausing increases for the first quarter of 2026 in a bid to avoid creating a sup…
OPEC+ to consider 137,000 bpd oil output increase for April, sources say
OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran.
OPEC+ Eyes Output Boost Amid Rising Tensions and Summer Demand Surge
OPEC+ is considering increasing oil production by 137,000 barrels per day to address peak summer demand and pricing pressures amid U.S.-Iran tensions. Key members like Saudi Arabia prepare for potential market disruptions, while others face Western sanctions and recovery challenges. Talks are set for March 1.
OPEC+: Oil barrels return to the market amidst winds of war and quotas to defend. - Economic Scenarios
The slight increases in oil prices in recent weeks may have an impact. OPEC+ may consider increasing oil production by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in increases as it prepares for peak summer demand and defines market share strategies, Bloomberg reported Wednesday ahead of the cartel's meeting scheduled for March 1. The group had already implemented increases of 137,000 bpd at the end of 2025, before s…
Opec+ to mull 137,000 bpd oil output increase for April
Eight Opec+ members meet on March 1 Producer group paused increases for Q1 Brent crude price near highest since July Opec+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of Opec+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the US and Opec member Iran. The resumption of output increases after a three-month pause would allow Opec…
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