Most likely, during 2025, OPEC+ countries will carefully increase supply on the market, despite a number of factors that are already contributing to the decline in oil prices, believes Rystad Energy analyst Viktor Kurilov.
Maintaining the current restrictions increases the risks of uncoordinated actions, and the key participants in the oil deal cannot afford a price war.
In just one day, on March 3, the price of Brent oil fell by almost 3%, from $73 to $71 per barrel. The reason was the confirmation by the OPEC+ alliance of its decision to increase production from April 2025. The plan for a gradual restoration of supplies was adopted back in the summer of 2024, but exporting countries have already extended the restrictions several times and, in particular, in December 2025 they laid down a longer period of production increase, postponing its completion from September 2025 to September 2026.