OPEC+ Agrees in Principle to 206k B/D Hike for April: Delegates

Bloomberg · last updated March 1, 2026 – 2:50 AM

OPEC+ agreed in principle to increase oil production next month, delegates said, as a conflict sparked by US-Israeli strikes on Iran threatened to bolster a rally in crude prices.

Key members led by Saudi Arabia and Russia — which had paused a series of hikes during the first quarter — will add 206,000 barrels a day, delegates said Sunday. They asked not to be identified as the talks are private.

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