Experts have suggested a postponement of the increase in OPEC+ oil production

Most members of the Organization of Petroleum Exporting Countries (OPEC+) will not start increasing oil production from April, despite the fact that the alliance members agreed on such a decision in early March.

Timid step: will a change in OPEC+ policy lead to a collapse in oil prices

The market is threatened by increased production and instability due to duties

"There is clearly a crisis in OPEC+. The member countries of the alliance have increasingly begun to violate their obligations, while states outside the alliance are increasing production and conquering new markets for themselves. Therefore, it was decided to increase production de jure. In fact, the offending countries will have to reduce production for several more months to compensate for their production growth over the past period," said Ekaterina Kosareva, Managing Partner of WMT Consult.

She recalled that at the end of March, OPEC+ published a new plan to reduce production and compensate for overproduction of oil, which provides for a monthly reduction in production by 189-435 thousand barrels per day.

According to the schedule, Russia will compensate for oil overproduction by 706,000 barrels per day from March to September 2025. Iraq will account for the largest amount of compensation — 1,954 million barrels per day. Kazakhstan compensates for 908 thousand barrels, the United Arab Emirates — 365 thousand, Kuwait — 141 thousand, Oman — 99 thousand, Saudi Arabia — 30 thousand barrels.

Meanwhile, the OPEC+ monitoring committee will meet on April 5. He will have to make his recommendations on the future of the alliance's mining policy, taking into account all the current nuances of the market.

Read more in the exclusive Izvestia article:

The block says: OPEC+ may postpone the increase in oil production