OPEC+ will consider a larger-than-expected oil output increase on Sunday, March 1, 2026, sources have disclosed
The grouping has a history of raising oil output to cushion disruptions.
But analysts told Reuters the group currently has very little spare capacity to meaningfully add to supply, except for its leader Saudi Arabia and the United Arab Emirates (UAE).
Oil prices jumped on Friday to $73 per barrel, the highest level since July, on fears of a wider conflict.
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The meeting on Sunday will start at 1100 GMT and will involve only eight members of OPEC+ – Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria, and Oman.
