{"id":16732,"date":"2026-01-30T13:28:47","date_gmt":"2026-01-30T13:28:47","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16732"},"modified":"2026-01-30T13:28:47","modified_gmt":"2026-01-30T13:28:47","slug":"opec-set-to-keep-oil-production-pause-for-march-as-prices-jump-sources-say","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16732\/","title":{"rendered":"OPEC+ set to keep oil production pause for March as prices jump, sources say"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The meeting of eight OPEC+ members, which pump about half the world\u2019s oil, comes as Brent crude has risen to almost $72 a barrel, its highest since August, despite speculation that a supply glut would push prices down.<\/p>\n

The eight producers – Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman – raised production quotas by about 2.9 million barrels per day from April through December 2025, roughly 3% of global demand. They then froze further planned increases for January through March 2026 because of seasonally weaker consumption.<\/p>\n

Three of the five OPEC+ delegates, who all asked not to be identified as they are not authorised to speak to the media, said Sunday\u2019s meeting was unlikely to take any decisions beyond March.<\/p>\n

OPEC and authorities in Saudi Arabia and Russia did not immediately respond to requests for comment.<\/p>\n

Also on Sunday, a separate OPEC+ panel called the Joint Ministerial Monitoring Committee is scheduled to meet, delegates said. The JMMC does not have decision-making authority on production policy.<\/p>\n

U.S. President Donald Trump has intensified pressure on Iran to curb its nuclear programme, threatening military action and deploying a U.S. naval group to the region. Washington has imposed extensive sanctions on Tehran to choke off its oil revenue, a crucial source of state funding.<\/p>\n

Trump is weighing targeted strikes on security officials and senior figures to stir unrest and potentially weaken the ruling system, Reuters reported on Thursday, citing U.S. sources.<\/p>\n

Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of disruptions in recent months. Kazakhstan on Wednesday it was restarting the huge Tengiz oilfield in stages.<\/p>\n

Updated on