OPEC+ weighs 2026 supply cuts as producers warn of weakening oil demand

OPEC+ delegates said the group is considering additional supply cuts for early 2026 as global oil demand shows signs of slowing, particularly in Europe and parts of Asia. Producers indicated that high inventories and softer industrial activity could pressure prices if no action is taken. Analysts believe the meeting will be closely watched by markets, with traders expecting a cautious but coordinated approach from the alliance.