Reported about 19 hours ago
OPEC+ has decided to implement a modest oil output increase for December but will pause further increases in early 2026 due to fears of an oversupply. The group, facing challenges from new sanctions on Russia, aims to protect oil prices and manage market dynamics as global demand typically weakens in winter. This strategy follows a series of previous output cuts and reflects the cautious approach OPEC+ is taking in light of potential changes in supply resulting from ongoing geopolitical issues.
Source: YAHOO