Finance
Exclusive-OPEC+ leans towards resumption in oil output increases from April, sources say
Published by Global Banking & Finance Review®
Posted on February 13, 2026
1 min readLast updated: February 13, 2026
Home > Finance > Exclusive-OPEC+ leans towards resumption in oil output increases from April, sources say
Quick Summary
OPEC+ may resume oil output increases from April, driven by summer demand and geopolitical tensions, with a meeting set for March 1.
Exclusive-OPEC+ leans towards resumption in oil output increases from April,
OPEC+ Production Plans
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler
MOSCOW/LONDON, Feb 13 (Reuters) - OPEC+ is leaning towards resuming increases to oil output from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-Iran relations.
The resumption of production increases will allow OPEC leader Saudi Arabia and fellow member the UAE to regain market share at a time members such as Russia, Venezuela and Iran contend with Western sanctions and a series of setbacks restrain Kazakh output.
Meeting Details
Eight OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman - meet on March 1.
Current Market Conditions
No decision has yet been made and talks will continue in the weeks ahead of the meeting, two of the sources 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 Ahmad Ghaddar in LondonWriting by Alex LawlerEditing by David Goodman)
Key Takeaways
- •OPEC+ is considering increasing oil output from April.
- •The decision is influenced by peak summer demand.
- •US-Iran tensions are affecting oil price strength.
- •Saudi Arabia and UAE aim to regain market share.
- •Eight OPEC+ producers will meet on March 1.
Frequently Asked Questions about Exclusive-OPEC+ leans towards resumption in oil output increases from April, sources say
1What is OPEC?
OPEC, or the Organization of the Petroleum Exporting Countries, is a group of oil-producing nations that coordinates and unifies petroleum policies to stabilize oil markets.
2What are oil output increases?
Oil output increases refer to the decision by oil-producing countries to raise the amount of oil they extract and supply to the market, often in response to demand changes.
3What is market share in the oil industry?
Market share in the oil industry refers to the percentage of total oil production or sales that a particular company or country controls within the market.
4What are Western sanctions?
Western sanctions are restrictive measures imposed by Western countries on nations to influence their behavior, often affecting trade and economic activities.
