OPEC+: Bloc To Halt Production Hikes in Early 2026 Amid Oil Glut, Russian Sanctions Concerns

At their Nov. 2 meeting, the eight OPEC+ countries implementing voluntary production cuts agreed to boost production by 137,000 barrels per day in December -- the third consecutive small production hike of that level -- but plan to pause production hikes from January-March 2026, Reuters reported. ...