Institutions: If OPEC+ insists on increasing production, Brent crude oil may fall below $70.

Jinshi data news on March 4th, according to the data from DNB Markets, if OPEC+ does not change course quickly, Brent crude oil prices are expected to fall below the key level of $70 per barrel. Contrary to market expectations, OPEC and its allies have decided to stick to the plan to gradually increase production starting from April. According to DNB's data, this means that production will increase by 137,000 barrels per day from April 2025 to September 2026. Energy analysts Helge Andre Martinsen and Tobias Ingebrigtsen stated: 'There is no more room in the market for OPEC+ oil.' 'This marks a change in OPEC+ behavior. It is currently unclear whether this move is due to pressure from U.S. President Trump or expectations of a decline in Iranian oil exports.'