OPEC+ sticks to plan for gradually raising oil output in April

Group removes U.S. agency EIA from sources used to monitor production

20250203N oil tanks libya REU

Crude oil storage tanks at an oil refinery in Zawiya, Libya. © Reuters

LONDON (Reuters) -- OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.

OPEC+ and Donald Trump clashed repeatedly during his first administration in 2017-2021 when the U.S. president demanded it raise production to compensate for the drop in Iranian supply that resulted from U.S. sanctions.

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