Ministers from the Opec+ ‘Group of Eight’ will meet on 1 March to discuss production policy for April. The producers unwound 2.9mn b/d of voluntary cuts last year, but agreed in November to pause the process over December-March, with 1.245mn b/d of cuts still in place (MEES, 7 November 2025).
The pause aligned with the traditional low-point in global oil demand, and as demand solidifies from April there is a strong likelihood that ministers will decide to resume the tapering process, returning to adding around 137,000 b/d each month. (CONTINUED - 170 WORDS)