Back

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.

Share on social media

Related Articles

Béjaïa Port Achieves a Record

Béjaïa Port Achieves a Record

Béjaïa Port has set a new record in handling bulk cargo, unloading 15,153.60 tons of corn within 24 hours, in an operation conducted directly from the ship to the trucks, according to the Béjaïa Port Authority (EPB). The authority stated in a press release that the operation was carried out at berth number 21, starting from the ship 'BUNUN TREASURE' coming from Santarém, thus breaking the previous record set at the port. View the full content on Echourouk Online.

Oct 28, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.