OPEC+ is likely to consider a further oil output quota hike at its Sunday meeting to prepare for any easing of Hormuz export constraints, Reuters reports citing sources

OPEC+ is contemplating an increase in oil output quotas, likely responding to potential easing of export constraints through the Strait of Hormuz.

Newsquawk StaffPublished 2 Apr 2026, 11:02 UTCOn the live feed at 10:42 UTC — 7 more headlines followed before this page went public

Newsquawk headlinesUTC

10:50

Russia is likely to experience oil production cuts following drone attacks, Reuters reports citing sources

10:46

The European Commission has approved Merck's (MRK) KEYTRUDA plus Paclitaxel with or without Bevacizumab for the treatment of adults with PD-L1 platinum-resistant recurrent ovarian cancer

10:42

OPEC+ is likely to consider a further oil output quota hike at its Sunday meeting to prepare for any easing of Hormuz export constraints, Reuters reports citing sources

10:39

The sound of explosions in Karaj and Tehran, Mehr News reports

10:39

Colonial has restarted its gasoline pipeline after its damage in Georgia

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This move could indicate a shift in supply dynamics, aiming to stabilize or possibly reduce prices in the context of upcoming global demand shifts. Traders should consider how this may influence WTI prices and broader commodity markets as the meeting unfolds.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.