OPEC+ Considers Delaying April Supply Restart

At $74 a barrel, oil prices remain too low for many OPEC members to cover government spending

- Bloomberg

OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from US President Donald Trump to lower prices, delegates said.

Global oil markets remain too fragile to revive production now, said one of the delegates, who asked not to be identified as the talks are private. No decision has been made yet and the group is split on how to proceed, said another. A decision may come in coming weeks.

Postponing the modest hike of 120,000 barrels a day would mark the fourth time that the alliance led by Saudi Arabia and Russia has delayed plans to revive output halted since 2022.