Opec+ agrees in principle to a 206,000 b/d hike for April, according to delegates.

Mar 1, 2026, 10:57:50 AM UTC(11 hours ago)
Impact: Medium

Affected Assets

  • Opec+ agrees in principle to a 206,000 b/d hike for April, according to delegates.
  • OPEC+ has agreed in principle to increase oil output by 206,000 barrels per day (bpd) for April, according to delegates.
  • Prior to this, sources indicated a likely increase of 137,000 bpd for April.
  • The group had previously paused further output increases from January to March 2026 after raising production quotas by approximately 2.9 million bpd from April through December 2025.
  • The decision comes as OPEC+ prepares for peak summer demand, including the U.S. driving season.

Sources

@DeItaone
From:@DeItaone
*OPEC+ AGREES IN PRINCIPLE TO 206K B/D HIKE FOR APRIL: DELEGATES
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