OPEC+ has announced a decision to increase oil output by 206,000 barrels per day in April, aiming to gradually resume voluntary adjustments made in April 2023.

• OPEC+ will raise output by 206,000 barrels per day in April.
• The decision was made by eight participating OPEC+ member countries.
• This move comes amid steady global economic outlook and healthy market fundamentals, but also follows concerns over potential supply disruptions in the Middle East due to recent strikes on Iran.