OPEC+ may consider larger oil output boost, sources say after Iran strike
LONDON/MOSCOW, Feb 28 (Reuters) - OPEC+ will likely consider a larger oil output increase, two sources familiar with OPEC+ thinking said on Saturday, after the U.S. and Israel launched military strikes on Iran.
Eight members of the grouping of the Organization of the Petroleum Exporting Countries and allies were already scheduled to meet on Sunday.
Delegates earlier said they would likely agree to a modest increase of 137,000 barrels per day in oil output for April, as the group readies for summer demand and as crude prices had risen on expectations of a U.S. attack on Iran, which happened on Saturday.
The size of any larger hike has yet to be discussed, one of the sources said. Both sources declined to be identified by name.
Bloomberg News earlier reported that OPEC+ would consider a bigger hike, citing a delegate.
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