Some OPEC+ Nations See Scope to Resume Supply Hikes in April

Some OPEC+ members see scope for the alliance to resume supply increases in April, believing concerns of a glut in global oil markets to be overblown.

The group led by Saudi Arabia and Russia hasn’t committed to any course of action or begun formal discussions ahead of its meeting on March 1, according to several delegates, who asked not to be identified as the process is private. Their ultimate decision may depend on whether US President Donald Trump launches military action against — or reaches a nuclear deal with — OPEC member Iran, one added.