OPEC+ delegates expect the group to resume modest production increases when it meets this weekend to review policy for April, according to Bloomberg sources. The potential supply boost comes as global oil markets remain volatile amid shifting demand patterns and geopolitical tensions. OPEC+, which includes members of the Organization of the Petroleum Exporting Countries and allies like Russia, has been carefully managing output to stabilize prices.

Market analysts are watching closely for any signals about production levels, as even small adjustments can significantly impact global oil prices. The group has previously implemented supply cuts to support crude prices, which have fluctuated due to economic uncertainty and competition from non-OPEC producers. A modest increase would suggest confidence in market stability while avoiding oversupply concerns.

The weekend meeting will determine whether the coalition can maintain its coordinated approach to production management. Any decision to increase output would mark a shift from recent policies aimed at supporting prices through supply restrictions. The outcome could influence energy markets heading into the second quarter, affecting everything from gasoline prices to inflation pressures.