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OPEC+ Agrees to Modest Oil Output Increase Amid Supply Glut Concerns

OPEC+ Agrees to Modest Oil Output Increase Amid Supply Glut Concerns

BUSINESS - 11/2/2025

OPEC+ has decided to implement a small oil output increase for December while pausing further increases in early 2026, responding to fears of a looming supply glut and new sanctions on Russia. This strategic move aims to manage market stability amid fluctuating oil prices.

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