Russia's crude oil production in July was nearly a million barrels a day below its OPEC+ quota, attributed to daily Ukrainian attacks on the nation's oil infrastructure.

OPEC+ is expected to lift oil production quotas for a sixth consecutive month, but experts warn that finding ways to export the additional barrels will be a significant problem as the Iran war broadens.

Experts suggest that Iran's most significant weapon against the US may be diminishing, as alternative shipping routes and increased OPEC+ production weaken Iran's leverage despite its recent attacks on commercial shipping that raised oil prices.

OPEC+ has ratified a planned oil quota hike of 188,000 barrels per day, as delegates confirm the agreement in principle. This decision comes as oil flows in the Gulf region rebound.

OPEC+ has approved a fourth consecutive monthly increase in its oil output quotas, signaling a continued effort to stabilize global oil markets despite ongoing geopolitical tensions.

OPEC+ agreed to a fourth increase in its oil output targets, despite ongoing geopolitical tensions affecting some members' ability to pump more oil.

Ministers from 21 OPEC+ member states and their allies are holding a quarterly online meeting to discuss oil production. The ongoing conflict in Iran is noted as a factor impacting their power to shape the global oil market.

The United Arab Emirates has reportedly decided to withdraw from OPEC and OPEC+ after nearly six decades of membership, a move described as a major structural blow to the cartel and a clear indication of its distancing from the regional order.

OPEC+ is reportedly planning to increase oil production quotas, aiming to restore 1.65 million barrels per day of previous cuts. This move comes amidst discussions about global oil supply and demand.

OPEC+ has agreed to its third increase in oil output quotas since the closure of the Strait of Hormuz, aiming to stabilize global oil markets.

Russia has announced that the OPEC+ alliance will continue its operations even if the United Arab Emirates withdraws from the group. Moscow also stated that it does not anticipate a price war in the oil market following such a development.

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the alliance of oil-producing countries OPEC+ on May…

OPEC+ countries issued a joint statement warning that restoring damaged energy infrastructure in the Middle East would be costly and time-consuming, impacting global supply availability.

This article provides an analytical overview of diverse topics relevant to the UPSC examination, including ceramics, the concept of due process of law, and the dynamics of OPEC+. It serves as an explainer for these subjects.

Oil price swings. Investors watch the next phase of the war with concern

Russia's President Putin and Saudi Crown Prince Mohammed bin Salman have discussed the situation in the Middle East and cooperation within the OPEC+ framework, according to the Kremlin.

Eight OPEC+ countries, including Saudi Arabia and Russia, have agreed to gradually resume oil production, reaffirming their commitment to market stability.

The production increase announced by Opec+ is not reassuring. The price peak comes as Europe replenishes its stocks.

OPEC+ announces more-than-expected oil output  China Daily

Ropné štáty OPEC+ zvažujú výraznejšie zvýšenie ťažby v reakcii na útoky USA a Izraela na Irán. Rozhodnutie môže citeľne zamiešať cenami ropy.

OPEC+ is reportedly considering a larger increase in oil production, potentially tripling the current output to 411,000 barrels per day, at its upcoming meeting. This consideration follows discussions with the United States and Israel.

OPEC+ is reportedly considering increasing oil production by 137,000 barrels per day in April, anticipating a rise in summer demand and oil prices.

OPEC+ delegates anticipate that the group will resume modest increases in oil supply.

OPEC+ is anticipated to resume increasing its oil output, according to Kpler, signaling a potential shift in global oil supply dynamics.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ is anticipated to resume increasing its oil output, according to Kpler, signaling a potential shift in global oil supply dynamics.

OPEC+ is anticipated to resume increases in oil output, according to analysis from Kpler, signaling a potential shift in the group's production strategy.

Kpler reports that OPEC+ is anticipated to resume increases in oil output, signaling a shift in production strategy.

Asia is consuming large quantities of crude oil, but geopolitical factors are causing a shift in the mix of suppliers.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ is expected to resume output increases, according to Kpler, indicating a potential shift in global oil supply strategies.

OPEC+ is anticipated to resume increases in oil output, according to Kpler, signaling potential shifts in global oil supply.

This roundup provides the latest market discussions and insights concerning the energy and utilities industries.

Kpler predicts that OPEC+ will likely resume increasing its oil output.

Oil Broadly Steady Ahead of U.S.-Iran Talks  The Wall Street Journal

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a potential shift in global oil supply strategies.

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

Seven OPEC+ producers have agreed to raise oil output by 188,000 barrels per day, marking the sixth consecutive monthly increase, with Nigeria being spared from this hike. While the immediate impact is considered irrelevant, future implications are noted.

Seven OPEC+ producers have agreed to raise oil output by 188,000 barrels per day, with Nigeria being spared from this increase. While the immediate impact of this hike is considered irrelevant, its future implications are noted.

Delegates from OPEC+ suggest the group plans to halt increases in oil production quotas after a final hike in September, as they assess the impact of the Iran war on supply.

Kazakhstan and six other OPEC+ members have agreed to implement an 188,000-barrel-per-day oil production adjustment for August, reaffirming their commitment to oil market stability.

OPEC+ has decided to raise its oil output levels once again, a move that comes despite a recent downturn in crude prices.

Sources indicate that OPEC+ is poised to approve another increase in oil production, a decision that could impact global oil markets.

Analysts are informing OPEC+ that disruptions in the Strait of Hormuz are expected to persist until the end of the year.

OPEC+ leaders are anticipated to increase the July oil output target, even with the Hormuz disruption, according to sources cited by Reuters.

Delegates from OPEC+ have indicated that the group has a plan in place to complete a series of previously announced quota hikes, impacting global oil supply.

Seven OPEC+ countries have agreed to a combined 188,000 barrels per day production adjustment for June, aiming to support market stability. Kazakhstan is among the nations implementing this output change.

Kuwait's Al-Roumi has stated that the nation intends to work harmoniously within the frameworks of OPEC and OPEC+.

Nigeria has reiterated its dedication to the OPEC+ framework, emphasizing its support for global oil market stability.

OPEC+ Delegates Expect Another Symbolic Supply Hike Without UAE  Bloomberg.com

An article provides an explanation of OPEC+ and its mechanisms, detailing how the organization influences global oil prices.

An explainer article details the structure and function of OPEC+ and how its decisions significantly affect international oil prices.

The UAE has announced its exit from OPEC and OPEC+, aiming for greater flexibility in oil output amidst tightening global energy markets.

OPEC+ to hike oil output; move sends ‘positive’ signal, but impact might be ‘nominal’: Chinese analysts  Global Times

Key OPEC+ producers, led by Saudi Arabia and Russia, have agreed to increase oil production targets for May by approximately 206,000 barrels a day, while also anticipating a prolonged impact on global supply due to the Iran War.

OPEC+ members have agreed to hike oil output, though the rise is largely symbolic as some key members face limitations in increasing production. The group also warned of a slow recovery in the oil market, particularly after recent attacks, likely referring to regional conflicts.

OPEC+ has decided to boost its oil production, citing signs of stability in the global oil market.

OPEC+ agrees to raise oil output by 206,000 bpd from April  Saudi Gazette

Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday

The increase from April was decided by eight countries in a teleconference. Analysts predict price hikes despite the decision, with tension in Iran keeping markets on alert.

OPEC+ agrees modest oil output boost even as US war on Iran disrupts shipments  Reuters

Oil prices jump on Iran attack fears while US stocks fall  The Daily Star

Sources indicate that OPEC+ is considering a proposal to increase oil production by 137,000 barrels per day for the month of April.

Oil prices dropped to $71 on international markets, as signals from Washington and Tehran ahead of new nuclear talks eased concerns over Middle East oil supplies.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Oil prices remain volatile due to geopolitical tensions and oversupply concerns, with OPEC+ expected to resume output increases and Asia's crude oil consumption shifting supplier mix.

Oil Edges Higher as Investors Weigh U.S.-Iran Progress  The Wall Street Journal

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in production strategy.

Oil futures showed mixed performance as markets focused on ongoing U.S.-Iran talks and expectations for OPEC+ to resume output increases. The EU also stated no short-term oil supply risk for Hungary and Slovakia.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a shift in production strategy.

Kpler predicts that OPEC+ will resume increasing oil output, signaling a shift in global oil supply strategies.

Kpler forecasts that OPEC+ will likely restart increasing oil production.

Oil prices are consolidating, with market participants weighing the potential impact of an anticipated supply increase from OPEC+.

Leading oil producers, including OPEC+, have announced plans to increase oil production in September. This decision will see a rise in the global oil supply.

OPEC+ announced a complete unwinding of its members’ “voluntary” production cuts with effect from September, following its latest meeting on Sunday, effectively raising the oil production ceiling again.

OPEC and its allies have decided to increase oil output for the sixth time in a row, impacting global oil supply and market dynamics.

OPEC+ is reportedly set to increase oil output once again, even as some member countries face challenges in meeting their current pumping targets. The decision comes amidst global energy market dynamics.

A few OPEC+ nations have consented to boost their oil output targets starting in August, but the cartel's long-term viability is in question following the UAE's departure.

OPEC+ is reportedly planning another increase in oil output, though the market has shown minimal reaction to the announcement.

Oil prices surged by more than three dollars after Israeli attacks on Lebanon and Iran, despite OPEC+ agreeing to a fourth production increase in four months, as most members struggle to meet targets due to the closure of the Strait of Hormuz.

OPEC+ has agreed to a fourth increase in its oil output targets, approving another symbolic quota hike for July despite ongoing geopolitical tensions affecting some members' ability to pump more oil.

Sources indicate that OPEC+ is likely to increase its oil output target for July, despite recent disruptions in the Strait of Hormuz.

The OPEC+ alliance is set to make its initial decision regarding oil production levels following a recent development concerning the United Arab Emirates.

Nigeria has expressed its dedication to the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, in maintaining global oil market stability.

Russia has stated its intention to remain in OPEC+ and expressed hope that the United Arab Emirates' withdrawal will not negatively impact the group's stability.

An explainer details the structure and function of OPEC+, outlining its role and influence on global oil prices.

Russia has stated that it is maintaining its oil supplies but has no new initiatives planned with OPEC+, according to Reuters.

Global markets are preparing for a busy week, with investors closely watching inflation data (CPI), signals from the Federal Reserve, and potential decisions from OPEC+ regarding oil production.

Eight members of OPEC+ have agreed to implement a production adjustment of 206,000 barrels per day in May, in addition to existing cuts, to support global market stability.

Sources indicate that OPEC+ is likely to discuss and potentially weigh a further increase in oil output during its upcoming meeting on Sunday.

A group of eight OPEC+ oil producers announced plans to increase oil production by over 200,000 barrels per day starting in April, signaling a faster pace of supply normalization.

Opec+ agrees 206,000 bpd increase as Iran conflict tests supply routes  thenationalnews.com

Pagrindinės OPEC+ (Naftą eksportuojančių šalių organizacija) narės sekmadienį paskelbė apie didesnį nei tikėtasi gavybos kvotų padidinimą po JAV ir Izraelio smūgių Iranui, po kurių Teheranas ėmėsi…

Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman together pump around 42 million barrels of oil per day.

The virtual meeting by the eight members of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) known as the "Voluntary Eight" (V8) comes a day after the U.S.

Oil Rises With Focus on U.S.-Iran Talks, OPEC+ Meeting  WSJ

Sources indicate that OPEC+ is considering an increase in oil output of 137,000 barrels per day for April.

According to Kpler, OPEC+ is anticipated to resume increasing its oil output.

Kpler reports that OPEC+ is anticipated to resume increasing its oil output, signaling a potential shift in global supply.

Kpler reports that OPEC+ is anticipated to resume increases in oil output, signaling a shift in production strategy.

OPEC+ is expected to resume increases in oil output, according to Kpler, a move that could impact global oil markets.

Kpler reports that OPEC+ is anticipated to resume increasing its oil production, signaling a shift in supply strategy.

Oil prices are experiencing fluctuations as investors assess progress in US-Iran relations, while OPEC+ is anticipated to resume output increases.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler predicts that OPEC+ will resume increasing oil output, indicating a potential shift in global oil supply strategies.

OPEC+ is anticipated to resume increasing oil output, according to Kpler, indicating a potential shift in global oil supply.

Russia's oil industry is facing significant pressure from international sanctions, ship seizures, and persistently low oil prices.

Kpler forecasts that OPEC+ will resume increasing oil output, signaling a shift in the global oil supply strategy.

Kpler predicts that OPEC+ will resume increasing its oil output.

OPEC+ Expected to Resume Output Increases, Kpler Says  The Wall Street Journal

Kpler predicts that OPEC+ will resume increasing its oil output, indicating a change in production strategy.

Kpler predicts that OPEC+ will resume increasing its oil output, impacting global supply.

OPEC+ is anticipated to resume increasing oil output, according to Kpler, which could impact global oil supply.