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OPEC+ to pause output hikes in first quarter to ease fears of glut, after one more boost in December
The eight nations of OPEC+ announced Sunday they will pause oil-production hikes in the first quarter of 2026, following a modest increase in December, as part of an effort to avoid a glut of crude.
U.S. News & World Report
OPEC+ Pauses Oil Output Hikes Beyond December Amid Glut Fears
LONDON/MOSCOW (Reuters) -OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers' group moderates plans to regain ...