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OPEC+ Expected to Raise Oil Output Target

The Wall Street Journal

|

February 28, 2026

The Organization of the Petroleum Exporting Countries and its allies meet Sunday with a familiar dilemma: add barrels to the market or continue holding back against a fragile geopolitical backdrop.

- GIULIA PETRONI

OPEC+, the alliance led by Saudi Arabia and Russia, decided to keep output steady in the first quarter after a series of production increases last year.

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