OPEC+ Weighs Delay in April Oil Supply Boost

OPEC+ is reportedly considering delaying the planned increase in oil supply set to begin in April, despite U.S. President Donald Trump's appeals for lower oil prices. Bloomberg reports that some delegates believe the global market is too fragile to handle an increase, but no final decision has been made. Russian Deputy Prime Minister Alexander Novak stated that no discussions about delaying have taken place and that the schedule remains unchanged. The group remains divided, with some members emphasizing the need to consider long-term stability over immediate price reductions. The planned increase of 120,000 barrels per day would mark the fourth postponement since production cuts began in 2022. This decision could be finalized in the coming weeks as OPEC+ continues to monitor market conditions.