Three of the five Opec+ delegates, who all asked not to be identified as they are not authorised to speak to the media, said Sunday's meeting was unlikely to take any decisions beyond March. Opec and authorities in Saudi Arabia and Russia did not immediately respond to requests for comment. Also on Sunday, a separate Opec+ panel called the Joint Ministerial Monitoring Committee is scheduled to meet, delegates said. Washington has imposed extensive sanctions on Tehran to choke off its oil revenue, a crucial source of state funding. Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of disruptions in recent months.

Source: The Edge Markets January 30, 2026 10:24 UTC