Overview

• Key OPEC+ members plan a video conference Sunday to consider accelerating the next tranche of previously withheld supply.
• The volume under discussion is 1.66 million barrels per day that had been scheduled for late 2026, and no decision is expected before talks conclude.
• Futures fell on the reports, with Brent down about 2% to roughly $65.60 and WTI off about 2% near $62.05 on Friday morning U.S. time.
• Riyadh’s push reflects a shift toward regaining market share by raising volumes, a stance that may face resistance from producers focused on price support.
• Analysts warn that adding barrels could deepen a likely fourth-quarter surplus, with U.S. inventory builds reinforcing the downside risk to benchmarks.