OPEC+’s cohesive restraint
The alliance is keeping output on track and the market in balance amid geopolitical tensions and a fragile supply-demand ledger
OPEC+’s decision to pause production increases in the first quarter of 2026 is reinforced by January data, which shows that member countries broadly adhered to their commitments. Output remained aligned with agreed targets, according to Petroleum Economist’s survey, reflecting a concerted effort to maintain discipline. Brent prices have stayed above $65/bl—not because of OPEC+ restraint but due to persistent geopolitical tensions. A reduction in regional risks could easily push prices below $60/bl, particularly if non‑OPEC supply growth exceeds expectations and seasonal demand softens. This backdrop explains the group’s cautious stance. OPEC‑9 production in January was largely unchanged, sli
Also in this section
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
2 March 2026
The South Asian consumer’s next move could tighten the Middle East oil market overnight
2 March 2026
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
