Several members of OPEC+ see scope to resume oil supply increases in April, according to sources familiar with internal discussions, as the producer group weighs market conditions and demand trends.
The alliance — which includes the Organization of the Petroleum Exporting Countries and partners such as Russia — has been managing output through a series of coordinated production cuts aimed at supporting prices and balancing global inventories.
Delegates said some countries believe seasonal demand recovery and relatively stable crude prices could allow for a gradual rollback of voluntary cuts beginning in April. Others remain cautious, pointing to lingering uncertainty around global economic growth and fuel consumption.
Any decision would be taken collectively at an upcoming ministerial meeting, where members are expected to review compliance levels, market fundamentals, and forward demand projections. The group has previously emphasized that adjustments can be paused or reversed depending on market conditions.
Oil markets have been closely watching OPEC+ policy signals, as supply decisions from the alliance can significantly influence global crude benchmarks. A move to increase production could ease concerns about tight supply but may also weigh on prices if demand does not strengthen as anticipated.
The discussion highlights the balancing act facing producers: maintaining price stability while avoiding market share losses and responding to shifts in global consumption patterns.
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