Opec increases production quotas as oil prices rise

On April 5, 2026, members of OPEC and its allies decided to increase oil production quotas by 206,000 barrels per day. This decision was made to address ongoing instability in international energy markets caused by the war in the Middle East. Despite this increase in supply, the price of Brent crude oil continued to rise on April 6, 2026. By 05:00 Cyprus time, Brent crude surpassed $110.30 per barrel, representing a 1.16% increase. Market observers emphasize that the protection of maritime routes is critical to ensuring the uninterrupted flow of hydrocarbons. The persistence of the regional conflict remains the primary driver behind the current market fluctuations.