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OPEC+ will start long-delayed oil production hike

Summary by Ground News

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward with them. Those countries are: Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman.

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+2 Reposted by 2 other sources

OPEC+ to proceed with planned April oil output hike

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices.

4 hours ago·United Kingdom

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OPEC+ Blinks: First Output Hike Since 2022 Shakes Markets

OPEC+ has finally decided to go through with its long-delayed oil production increase, adding about 138,000 barrels per day to its production plans beginning in April

5 hours ago·London, United Kingdom

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OPEC+ will start long-delayed oil production hike

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward with them. Those countries are: Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman. They cited “healthy market fundamentals and the positive…

6 hours ago·Washington, United States

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Financial Times

Oil prices fall after Opec+ confirms it will increase crude production

Traders had been expecting cartel to postpone its plan to boost output

7 hours ago·London, United Kingdom

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Oil Stocks Fall Hard After OPEC Move to Boost Production

The decision is a serious negative for the oil market, given that oil demand is rising too slowly to sop up all of the extra supply.

7 hours ago·New York, United States

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OPEC+ to raise output for first time since 2022: Report

A report shows that the OPEC+ will go ahead with plans to increase its output in April.

10 hours ago·Tehran, Iran, Islamic Republic of

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Zero Hedge broke the news in United States 16 hours ago on Monday, March 3, 2025.

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