From Ground News, February 25:
- On Feb 25, Saudi Arabia is increasing oil production and exports as a contingency in case a US strike on Iran disrupts Middle Eastern supplies, two sources said.
- With US-Iran tensions rising, planners cited risks to oil shipments through the Strait of Hormuz as President Donald Trump has said he is considering a strike on Iran and the United States military has assembled forces in recent weeks.
- Representatives from eight OPEC+ nations including Saudi Arabia, Russia and the United Arab Emirates will convene on March 1st to consider modest April output increases of about 137,000 barrels per day.
- Saudi officials present the boost as reversible, designed to stabilize global oil prices and avert shortages near the Strait of Hormuz; the kingdom will dial back output later to stay within OPEC+ quotas if no disruption occurs.
- Despite forecasts of a supply glut this year, prices are up roughly 17% amid geopolitical and production disruptions as Saudi Arabia repeats its 2025 market interventions, two sources said.
....MUCH MORE
