OPEC+ may consider 411,000 bpd oil output boost, sources say after Iran strike
LONDON/MOSCOW, Feb 28 (Reuters) - OPEC+ is likely to consider a larger oil output increase of 411,000 barrels per day at its imminent meeting, 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 including Russia were already scheduled to meet on Sunday.
Delegates had earlier said the eight would probably agree to a modest increase of 137,000 bpd for April, as the group prepares for summer demand and as crude prices had risen on expectations of a U.S. attack on Iran, which happened on Saturday.
Both sources, who declined to be identified by name, said an increase of 411,000 bpd was now being considered.
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