OPEC+ agrees in principle to keep planned pause in oil output hikes for March, sources say
- - OPEC+ agrees in principle to keep planned pause in oil output hikes for March, sources say
ReutersFebruary 1, 2026 at 4:45 AM
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FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
LONDON/MOSCOW, Feb 1 (Reuters) - Eight OPEC+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Sunday meeting.
The countries had agreed the pause in output hikes for the first quarter in November. The formal meeting is now scheduled for 1400 GMT, two of the sources said.
(Reporting by Olesya Astakhova, Ahmad Ghaddar and Alex Lawler; Editing by Alexander Smith)
Source: “AOL Breaking”
