The Globe and Mail reports in its Monday, Feb. 2, edition that OPEC+ decided to keep its oil output for March, despite crude prices reaching six-month highs. A Reuters dispatch to The Globe reports that OPEC+ members met as Brent crude neared $70 (U.S.) a barrel, close to its six-month high of $71.89 (U.S.), despite speculation of a potential supply glut in 2026. The eight producers raised production quotas by about 2.9 million b/d from April through December, 2025, roughly 3 per cent of global demand. In November they froze further planned increases for January through March, 2026, because of seasonally weaker consumption. Sunday's brief meeting reaffirmed that decision for March, after earlier gatherings did the same for January and February. Sunday's statement made no mention of what OPEC+ could decide for specific months beyond March, and the lack of forward guidance is significant, said Rystad Energy analyst Jorge Leon. "With rising uncertainty around Iran and U.S. tensions, the group is keeping all options firmly on the table," he said. "OPEC's own numbers point to a lower call on OPEC+ crude in the second quarter, which could limit the scope for production increases," Mr. Leon added.