OPEC+ is likely to consider a bigger increase in oil production, two sources familiar with OPEC+'s thinking said on Saturday, after the United States and Israel launched military strikes on Iran.
This is the information from Reuters reporters.
The eight members of the Organization of the Petroleum Exporting Countries and Allies group - Saudi Arabia, russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - have already planned to meet on Sunday at 11:00 a.m. GMT.
Delegates had earlier said they were likely to agree to a slight 137,000 barrels per day increase in oil production in April as the group prepares for summer demand and crude prices rose amid expectations of a US attack on Iran on Saturday.
The April increase would end a three-month pause in production growth.
The size of any larger increase is yet to be discussed, one source said. Meanwhile, reporters had evidence that major producers in the Middle East had already increased exports as fears of a US strike on Iran grew, raising the risk of disruptions to oil exports.
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