25 March | Oil

OPEC+ sticks to planned oil production hike through May

OPEC+ sticks to planned oil production hike through May

OPEC+ will increase production by 135,000 barrels per day, marking the second consecutive monthly increase. This move is part of a gradual cancellation of the production cuts implemented since 2022. Reuters reports on this strategy.

In addition to increasing production, OPEC+ is implementing further production cuts for member countries that have previously exceeded their quotas. This aims to balance overproduction by June 2026. Analysts note that high oil prices, low inventories, and growing summer demand support this strategy.

A meeting of the OPEC+ Ministerial Monitoring Committee is scheduled for April 5th to discuss production policy. According to Russian Deputy Prime Minister Alexander Novak, adjustments to the cartel's decision may be made if market conditions change.

Elena Dorokhina MarketCheese
Period: 11.09.2025 Expectation: 42000 pips
Buying ETHUSD targeting $4,790 as price eyes upper channel breakout
Yesterday at 11:15 AM 44
Brent sell
Period: 31.10.2025 Expectation: 175 pips
Selling Brent from $68.6
Yesterday at 11:15 AM 35
Period: 12.09.2025 Expectation: 250 pips
Autumn onset drives gas prices higher
Yesterday at 10:07 AM 39
Gold buy
Period: 30.09.2025 Expectation: 9000 pips
Buying gold up to $3,600 following correction
Yesterday at 10:03 AM 56
Period: 11.09.2025 Expectation: 1600 pips
Selling USDJPY with 146.600 in view amid fundamental dollar weakness
Yesterday at 09:24 AM 16
Period: 31.12.2025 Expectation: 900 pips
AUDUSD picks up steam to 0.6600
03 September 2025 75
Go to forecasts