OPEC+ Calls Time on Output Cuts

March 4, 2025 - Sometimes patience is not rewarded. OPEC+ countries have maintained deep production cuts for several years, ceding market share without boosting revenue. Still, on March 3, OPEC announced that eight countries with 2.2 million barrels per day (b/d) in voluntary cuts would begin adding volumes back to the market next month. External and internal factors may be in play.