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OPEC+ meeting today is set to maintain the suspension of oil production increase

February 1, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The OPEC+ meeting today, Sunday, is likely to stabilize oil production by maintaining the suspension of production increase in March. According to Reuters, citing three delegates from OPEC+, it is likely that the alliance will keep the suspension of oil production increase in March when it meets later today, even after crude oil prices reached their highest levels in six months, nearing $72 per barrel, due to concerns that the United States may launch a military strike on Iran, a member of OPEC. The OPEC+ alliance (Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria, and Oman) raised production quotas by about 2.9 million barrels per day from...

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