Oil: Opec+ decides production increase in April after Iran attacks. Will it be enough?
Members of the organisation will add 206,000 barrels of oil per day
The Opec+ agreed to a slightly larger increase in oil production next April.
This was announced by the delegates of the countries that are members of the organisation to cope with the possible price increase following the conflict between the US, Israel and Iran.
The organisation's members, in detail, will add 206,000 barrels of oil per day: an increase greater than the monthly increases of only 137,000 barrels per day marked in the fourth quarter of 2025.
Brent up 10 per cent to $80 in off-market trade, analysts see $100 mark
The price of the Brent, the international benchmark for oil prices, flies in over-the-counter trading, outside the regulated market that will reopen normally tomorrow morning.
After the attack on Iran launched yesterday and the escalation across the Persian Gulf, crude oil soared by 10% to $80 per barrel, while analysts are already predicting a approach to $100.
