OPEC+ to Probably Agree on Small Output Hike for December

published:02/11/2025 12:11 GMT

OPEC+ will likely agree on Sunday another small hike in oil output targets for December, three sources familiar with the talks said, as the group moderates its drive to regain market share amid predictions of a supply glut next year. OPEC+ has raised output targets by more than 2.7 million barrels per day - about 2.5% of global supply - since April but slowed the pace in October and November to 137,000 bpd from larger increases amid predictions of a looming oversupply. New Western sanctions...More