Thursday, August 6, 2026
OPEC+ agrees on March output rise amid oil price rally, defying pressure from U.S., India- oil and gas 360

OPEC+ agrees on March output rise amid oil price rally, defying pressure from U.S., India

CNBC A group of some of the world’s most powerful oil producers agreed on Wednesday to a further planned increase in output, even as crude prices trade near record levels amid geopolitical tensions.   OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, swiftly decided to green-light the return of 400,000 barrels per day for March. The move,