OPEC+ to consider 137,000 bpd oil output increase for April, sources say

Reuters

Wed, February 25, 2026 astatine 7:05 AM CST 1 min read

MOSCOW/LONDON, Feb 24 (Reuters) - OPEC+ volition apt see raising its lipid output by 137,000 ‌barrels per time for April to extremity ‌a three-month intermission successful accumulation increases, 3 sources with cognition ​of OPEC+ reasoning said, arsenic the radical prepares for highest summertime request and tensions betwixt the U.S. and OPEC subordinate Iran boost prices.

The resumption would ‌allow OPEC person ⁠Saudi Arabia and chap members, specified arsenic the UAE, to regain marketplace stock ⁠at a clip different OPEC+ members, specified arsenic Russia and Iran, contend with Western sanctions and ​Kazakh output ​is recovering from a bid ​of setbacks.

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

In a abstracted development, apical OPEC+ shaper Saudi Arabia has activated a program for a short-term ‌oil output and export surge ​in lawsuit a U.S. ​strike connected Iran ​disrupts lipid flows from the Middle ‌East, 2 sources acquainted with ​the Saudi ​plan said.

OPEC and authorities successful Russia and Saudi Arabia did not reply instantly to requests ​for comment.

(Reporting by ‌Olesya Astakhova successful Moscow and Alex Lawler ​and Dmitry Zhdannikov successful LondonWriting by Alex ​LawlerEditing by Louise Heavens)