OPEC+ To Consider Oil Output Hike By 137,000 bpd For April

OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand and navigate market share strategies, Bloomberg reported on Wednesday ahead of a scheduled cartel meeting on March 1. The group had previously implemented 137,000 bpd hikes in late 2025 before pausing increases for the first quarter of 2026 in a bid to avoid creating a supply surplus. Unwinding previous output cuts will allow key members such as Saudi Arabia and…