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6h agoOPEC Plus extends output pause to Q1 2026 as global oil demand weakens
OPEC+ has agreed to maintain its current oil output levels through the first quarter of 2026 after a modest 137,000 bpd hike in December. The group cited weakening seasonal demand, rising inventories in OECD nations, and a sharp slowdown in China’s refinery intake. Brent crude prices hovered near $84 per barrel following the decision. Analysts expect the pause to tighten markets in early 2026 if geopolitical disruptions persist. Russia and Saudi Arabia reiterated commitment to price stability amid slower non-OPEC supply growth.
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6h agoOPEC Plus extends output pause to Q1 2026 as global oil demand weakens
OPEC+ has agreed to maintain its current oil output levels through the first quarter of 2026 after a modest 137,000 bpd hike in December. The group cited weakening seasonal demand, rising inventories in OECD nations, and a sharp slowdown in China’s refinery intake. Brent crude prices hovered near $84 per barrel following the decision. Analysts expect the pause to tighten markets in early 2026 if geopolitical disruptions persist. Russia and Saudi Arabia reiterated commitment to price stability amid slower non-OPEC supply growth.
Explore:Mutual Fund Screening
neutral
OPEC Plus extends output pause to Q1 2026 as global oil demand weakens
about 7 hours ago
1 min read
82 words
OPEC+ will maintain current output through Q1 2026, aiming to stabilise oil prices as demand weakens and inventories climb globally.
OPEC+ has agreed to maintain its current oil output levels through the first quarter of 2026 after a modest 137,000 bpd hike in December. The group cited weakening seasonal demand, rising inventories in OECD nations, and a sharp slowdown in China’s refinery intake. Brent crude prices hovered near $84 per barrel following the decision. Analysts expect the pause to tighten markets in early 2026 if geopolitical disruptions persist. Russia and Saudi Arabia reiterated commitment to price stability amid slower non-OPEC supply growth.
OPEC+ has agreed to maintain its current oil output levels through the first quarter of 2026 after a modest 137,000 bpd hike in December. The group cited weakening seasonal demand, rising inventories in OECD nations, and a sharp slowdown in China’s refinery intake. Brent crude prices hovered near $84 per barrel following the decision. Analysts expect the pause to tighten markets in early 2026 if geopolitical disruptions persist. Russia and Saudi Arabia reiterated commitment to price stability amid slower non-OPEC supply growth.
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Nov 3, 2025 • 22:01 IST
