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.
In a surprising move, OPEC+ will raise oil output by 137,000 bpd starting in November, amidst concerns of a looming supply glut. With differing opinions from major players like Russia and Saudi Arabia, the oil market faces uncertainty ahead.