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Oil Prices Steady as OPEC+ Signals Gradual Output Hike for Q1 2026
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OPEC+ to raise output by 300,000 bpd from January 2026, keeping Brent near $92 and supporting balanced inflation-energy objectives across global markets.
Brent crude traded around $92.40 per barrel as OPEC+ members agreed to a limited production increase starting January 2026. Saudi Arabia and the UAE backed phased hikes of 300,000 barrels per day to prevent price spikes while meeting winter demand. Analysts said the decision balances inflation control with producer revenues. Energy-importing economies, including India and Japan, welcomed the measured approach, noting stable shipping costs and moderated fuel-import bills in early-2026 forecasts.