US EditionOPEC+ may consider larger oil output boost, sources say, as Saudi, UAE up exports
OPEC+ may boost oil output by up to 548,000 barrels per day to counter potential supply disruptions from Middle East conflicts, aiming to stabilize global markets.
- On Sunday , OPEC+ may consider a larger-than-planned output increase, while Saudi Arabia and the UAE have already raised exports, sources said.
- In response to regional escalation, the explosion in Tehran on Saturday followed U.S. and Israeli strikes on Iran, prompting OPEC+ deliberations.
- Sources said larger options now include a 411,000 bpd rise and possibly as much as 548,000 bpd, beyond the base-case April increase of 137,000 barrels per day.
- Futures reached $73 a barrel on Friday as markets priced in disruption, with Goh saying "That is the pattern markets will reference on Monday" amid risk-off expectations.
- Having added about 2.9 million bpd in 2025, OPEC+ is positioned to adjust while Saudi Arabia’s spare capacity of 1.8 million bpd offers a buffer against shocks, sources said.
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215 Articles
OPEC+ boosts output by 206,000 bpd amid Iran conflict, but market risks persist
Key members of the OPEC+ oil cartel announced a greater-than-expected increase to production quotas on Sunday following US and Israeli strikes on Iran that triggered retaliation by Tehran across the West Asia.
What a US attack on Iran could mean for oil prices, in charts and maps
The United States and Israel’s strikes on Iran are expected to spark volatility in the oil market, with experts warning that oil prices could surge when futures trading opens Sunday at 6 p.m. ET.
Eight oil producing countries want to increase their production volumes significantly from April onwards than analysts originally expected. Overall, daily production is increased by 206,000 barrels (each 159 litres), as reported by the OPEC+ core group on Sunday after an online meeting. The group led by Saudi Arabia and Russia did not mention the recent war in the Middle East. Instead, the production increase was explained by the stable outlook …
The oil alliance OPEC+, led by Saudi Arabia and Russia, confirmed this Sunday that oil production will increase by 206,000 barrels a day, "in view of stable prospects and low oil reserves", not to mention the war with Iran, which keeps markets in tension. That is the result of a brief teleconference held this Sunday by the Ministers of Energy and Oil of Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, a…
War in the Middle East shakes the oil market. Opec+ is considering a much stronger production increase. The road of Hormus is in danger.
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