OPEC+ Increases Oil Production by 206,000 BPD Amid Conflict

On Sunday, OPEC+ decided to raise oil production by 206,000 barrels per day (bpd) starting in April 2025, amidst escalating military actions by the U.S. and Israel against Iran. The decision was made during a meeting of eight core member countries, including Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria, and Oman.

This increase represents less than 0.2 percent of global oil supply. The backdrop of this decision is the ongoing conflict that has raised concerns about crude oil flow from the Middle East, particularly through the vital Strait of Hormuz.

Brent crude prices rose by 3.66 percent, trading at $73 per barrel. Analysts noted that while the increase in output is modest, it underscores OPEC's efforts to stabilize the global oil market amid volatile geopolitical crises.

The production group had previously agreed to raise output quotas to 2.9 million bpd from April to December 2025, with a pause on further increases anticipated from January to March 2026 due to seasonal weakness.