OPEC+ pauses oil output hikes beyond December amid glut fears
Update: 2025-11-02
Description
OPEC plus group pauses oil output increase, aiming to avoid oversupply and price drop. The decision comes after months of steady hikes and growing concern of potential oversupply. The group agreed to a modest increase for December, avoiding output hikes in January, February, and March of next year. Analysts predict minimal price changes, as the December increase was expected. The group continues to walk a tightrope, managing supply and prices amid global uncertainty.
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