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OPEC+ will start long-delayed oil production hike

OPEC+ will increase oil production by 138,000 barrels per day starting in April, marking its first output hike since 2022 according to Reuters calculations.
The production increase aims to gradually unwind 2.2 million barrels per day in cuts, as stated by OPEC insider Amena Bakr.
The decision follows pressure from U.S. President Donald Trump for lower oil prices, highlighting the group's cautious approach to production changes.
OPEC+ indicated that the gradual increase might be paused or reversed, depending on market conditions.

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La Libre

Opep+ oil cartel lowers black gold prices

Eight oil cartel countries announced that they would increase their oil production, despite weak global demand.

2 hours ago·Brussels, Belgium

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Gulf News

OPEC+ decides to hike oil production for the first time in 2 years

OPEC+ decision to hike production takes markets by surprise

11 hours ago·Dubai, United Arab Emirates

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Reuters

+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.

16 hours ago·United Kingdom

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Oil Price

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

17 hours ago·London, United Kingdom

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The Hill

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…

18 hours ago·Washington, United States

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