OPEC+ set to agree another modest oil output increase, sources say
Update: 2025-11-02
Description
OPEC Plus prepares for a crucial decision on November second, potentially impacting global oil markets. Despite raising production goals by over two point seven million barrels a day since April, the group is expected to agree on a modest increase of one hundred thirty-seven thousand barrels per day for December. This decision comes as oil prices fluctuate due to sanctions on Russian supply and a more optimistic U.S. trading mood. The group's heaviest hitters, including Saudi Arabia, Russia, and the United Arab Emirates, are involved. The outcome of Sunday's talks will determine whether they prioritize supply control or market share expansion in the face of a shifting global energy landscape.
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