OPEC+ Sticks With Plans to Pause Output Hikes in Early 2026 (2)

OPEC+ will stick with plans to pause production increases during the first quarter, amid growing signs of a surplus in global oil markets.

Key members led by Saudi Arabia confirmed the three-month supply pause, first announced at the start of this month, following a set of video conferences on Sunday. They reiterated in a statement that the decision reflected expectations for weaker seasonal market conditions.

The Organization of the Petroleum Exporting Countries and allies also approved a mechanism for its review of members’ individual production capacities, a sensitive process that will help set quotas in 2027. They picked Dallas-based consultant ...