OPEC Plus Holds Steady on Oil Production
Update: 2026-01-05
Description
OPEC Plus Maintains Production, Amid Global Surplus and Venezuela UncertaintyOPEC Plus, led by Saudi Arabia and Russia, has decided to keep oil production steady until the end of March, despite a global surplus and uncertainty over the US capture of Venezuelas leader Nicolas Maduro. The group, which includes non-OPEC nations, is playing it safe in the fragile market, with crude prices near four-year lows and a forecasted glut. Venezuela, with the worlds largest oil reserves, is a wildcard due to years of underinvestment and sanctions, but experts see no quick boost in exports. Meanwhile, markets remain well-supplied, with Brent crude settling under sixty-one dollars a barrel. Checkout Solipillow.com
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