OPEC+ to suspend oil output increase
Summary
OPEC+ has decided to pause increases in oil output for the first three months of 2026, citing seasonal factors and a cautious approach to market conditions.
Key Points
- OPEC+ will suspend increases in oil production in January, February, and March 2026.
- The decision was made after a virtual meeting of member countries including Saudi Arabia and Russia.
- OPEC+ countries had been raising oil output monthly since April 2025.
- The group will meet again on January 4, 2026 to decide on future production adjustments.
