Categories: Energy

OPEC+ mulls oil output boost as Israel-Iran war disrupts shipments

OPEC+ will consider a larger-than-expected oil output increase on Sunday, March 1, 2026, sources have disclosed

The grouping has a history of raising oil output to cushion disruptions.

But analysts told Reuters the group currently has very little spare capacity to meaningfully add to supply, except for its leader Saudi Arabia and the United Arab Emirates (UAE).

Israel strikes Tehran after killing Khamenei

Oil prices jumped on Friday to $73 per barrel, the highest level since July, on fears of a wider conflict.

The meeting on Sunday will start at 1100 GMT and will involve only eight members of OPEC+ – Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria, and Oman.

The Star

Segun Ojo

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