1354 GMT - OPEC+ producers might have room to raise output in the second quarter, says Carsten Fritsch from Commerzbank. Oil demand is set to strengthen and the market appears to be less oversupplied than previously anticipated, partly due to unplanned outages and sanctions-related disruptions, according to the analyst. Meanwhile, despite the recent pullback, crude prices remain roughly 10% higher than at the beginning of the year, supporting the case for a gradual resumption of production increases. However, even if production targets are raised from April onward, actual output is likely to fall short of the agreed increases, limiting the pace of supply growth. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
February 17, 2026 08:54 ET (13:54 GMT)
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