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OPEC+ Moves to Extend Halt on Oil Production Increase in March

February 1, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
OPEC+ Moves to Extend Halt on Oil Production Increase in March

Informed sources revealed that the OPEC+ group is likely to maintain the halt on planned oil production increases for March, despite prices reaching their highest levels in nearly six months. Eight members of the organization are expected to discuss this decision during a meeting held today, Sunday. According to what Reuters reported from three delegates in the group, this direction comes at a time when Brent crude closed near $70 a barrel on Friday, approaching the $71.89 level recorded on Thursday, driven by fears of a potential U.S. military strike on Iran, a member of OPEC, alongside supply disruptions from Kazakhstan.

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