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The Economic Times

Economy / The Economic Times

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OPEC+ debates oil output boost as US war on Iran disrupts shipments

OPEC+ is considering a significant oil output increase of over 411,000 barrels per day on Sunday, a larger hike than initially expected, due to Middle East shipment disruptions. Analysts suggest the market impact will be limited by spare capacity outside Saudi Arabia and the UAE, as oil prices surged on fears of wider conflict.

1 Mar 2026 2:40 pm