LBCI

OPEC+ hikes oil production by more than expected following outbreak of Iran war

World News

01-03-2026 | 08:04

Share

Share

OPEC+ hikes oil production by more than expected following outbreak of Iran war

OPEC+ announced a greater-than-expected increase to the cartel's oil production quotas on Sunday, after U.S. and Israeli strikes on Tehran triggered Iranian retaliation across the Middle East.

The group, which includes key oil producers Saudi Arabia and Russia -- as well as several Gulf states bearing the brunt of Tehran's strikes -- "agreed on a production adjustment of 206 thousand barrels per day."

"This adjustment will be implemented in April," the cartel said in a statement, which did not mention the outbreak of the Iran conflict but cited "a steady global economic outlook and current healthy market fundamentals" as reasons for the increase.

AFP

World News

OPEC

Oil

United States

Iran

Strikes

Middle East

Next

Three US military members killed in Iran operation: Pentagon

Eight killed in pro-Iran protest at US consulate in Pakistan: rescue service

Previous

Recommended For You

Pope Leo spent peaceful night in hospital after surgery, Vatican says

03:25

Pope Leo spent peaceful night in hospital after surgery, Vatican says

Starlink restricted operations in Ukraine overnight: Zelensky adviser

02:38

Starlink restricted operations in Ukraine overnight: Zelensky adviser

Trump says Yemen's Houthis are 'behaving very badly'

11:58

Trump says Yemen's Houthis are 'behaving very badly'

French unions say 480,000 people took part in pro-student protests

11:30

French unions say 480,000 people took part in pro-student protests

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israel participates in Moroccan defence expo for first time: Defence ministry

Middle East News

2026-10-08

Israel participates in Moroccan defence expo for first time: Defence ministry

Gold mine collapse kills at least 100 people in C.Africa: AFP

2026-08-19

Gold mine collapse kills at least 100 people in C.Africa: AFP

UNIFIL condemns airstrike in Nabatieh, calls it violation of Lebanon’s sovereignty and UN Resolution 1701

2026-06-06

UNIFIL condemns airstrike in Nabatieh, calls it violation of Lebanon’s sovereignty and UN Resolution 1701

Lebanese Army recovers soldier's body after Israeli strike near Qaraoun Lake

2026-05-27

Lebanese Army recovers soldier's body after Israeli strike near Qaraoun Lake

Videos

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

News Bulletin Reports

2026-10-09

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

News Bulletin Reports

2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Most read

24 hours

7 days

Month

Four explosive shipments seized in Lebanon this month: Were more shipments missed?

1

Four explosive shipments seized in Lebanon this month: Were more shipments missed?

Lebanon’s ambassador to Washington discusses verification mechanism at State Department: Hiba Nasr

2

Lebanon’s ambassador to Washington discusses verification mechanism at State Department: Hiba Nasr

President Aoun: Lebanon chose negotiations over war to secure Israeli withdrawal and reconstruction

3

President Aoun: Lebanon chose negotiations over war to secure Israeli withdrawal and reconstruction

Up to $14,000 in housing aid: Hezbollah outlines payments for war-hit families

4

Up to $14,000 in housing aid: Hezbollah outlines payments for war-hit families

Hezbollah outlines financial aid plan for Lebanese with destroyed homes

5

Hezbollah outlines financial aid plan for Lebanese with destroyed homes

President Aoun calls Saudi crown prince, condemns attacks on civilian facilities

6

President Aoun calls Saudi crown prince, condemns attacks on civilian facilities

A war's leftovers: Cluster munitions threaten northern Israel

7

A war's leftovers: Cluster munitions threaten northern Israel

Yemen's Houthis warn civilians, employees to evacuate Saudi Aramco oil facilities

8

Yemen's Houthis warn civilians, employees to evacuate Saudi Aramco oil facilities

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More