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

FILE PHOTO: A model of an oil pump is seen in front of the OPEC logo in this illustration taken January 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo · Reuters

Reuters

Wed, February 25, 2026 at 10:05 PM GMT+9 1 min read

MOSCOW/LONDON, Feb 24 (Reuters) - OPEC+ will likely consider raising its oil output by 137,000 ‌barrels per day for April to end ‌a three-month pause in production increases, three sources with knowledge ​of OPEC+ thinking said, as the group prepares for peak summer demand and tensions between the U.S. and OPEC member Iran boost prices.

The resumption would ‌allow OPEC leader ⁠Saudi Arabia and fellow members, such as the UAE, to regain market share ⁠at a time other OPEC+ members, such as Russia and Iran, contend with Western sanctions and ​Kazakh output ​is recovering from a series ​of setbacks.

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

In a separate development, top OPEC+ producer Saudi Arabia has activated a plan for a short-term ‌oil output and export surge ​in case a U.S. ​strike on Iran ​disrupts oil flows from the Middle ‌East, two sources familiar with ​the Saudi ​plan said.

OPEC and authorities in Russia and Saudi Arabia did not reply immediately to requests ​for comment.

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

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