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OPEC+ pauses oil output hikes amid supply glut concerns
OPEC+ halts output hikes in Q1 2026 to avoid a supply glut and support oil prices.
The OPEC+ group has announced a pause on planned oil-output increases for the first quarter of 2026, after boosting output by around 2.9 million barrels per day since April. While December will see a modest increase of 137,000 bpd, the move signals caution amid mounting concerns about a supply surplus. Analysts believe the decision is aimed at protecting prices amid elevated inventories, though weak demand and geopolitical uncertainty remain headwinds for the energy market.