OPEC Plus Keeps Oil Output Steady
Update: 2026-01-04
Description
OPEC Plus to Maintain Oil Output: Despite Tensions and ChallengesOPEC Plus, consisting of key producers like Saudi Arabia and Russia, will keep oil output steady at their upcoming meeting. The group previously raised output targets by nearly three percent of global demand, but paused these increases for January, February, and March. Tensions between Saudi Arabia and the UAE escalate due to Yemens war, while Russia faces U.S. sanctions over Ukraine and Iran deals with internal unrest. The U.S. recently captured Venezuelan President Maduro, who holds the worlds largest oil reserves, but production is expected to remain low due to mismanagement and sanctions. Checkout Solipillow.com
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