OPEC data suggests minor oil surplus ahead of crucial output hike decision
OPEC projects a minor oil surplus in the second quarter as demand dips. This comes before a March meeting to decide on potential production increases.
Insights:
OPEC published its monthly oil market report today, February 11, 2026, forecasting that world demand for OPEC+ crude will fall by 400,000 barrels per day in the second quarter. The report, which indicates a small surplus for the same period, serves as a direct input to an upcoming decision by the OPEC+ group on whether to resume output hikes. This data is expected to be a primary focus when members meet on March 1 to decide if production increases should begin in April.
