The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have decided to pause planned oil production increases in the first quarter of 2026, following a scheduled hike in December 2025.
The decision comes as the alliance seeks to balance global oil supply amid signs of market volatility and slowing demand growth in key economies. OPEC+ ministers reportedly agreed that maintaining production stability early next year would help prevent a potential oversupply that could pressure prices.
In December, the group is still expected to implement a modest output increase, reflecting earlier commitments to gradually unwind existing production cuts. However, the pause in early 2026 signals a cautious approach to market management as members monitor global economic trends and inventory levels.
Analysts say the move demonstrates OPEC+’s continued effort to stabilize oil markets and support prices around desired levels, especially as geopolitical tensions and interest rate uncertainties continue to affect global energy demand.
The group is expected to revisit its production strategy by the end of the first quarter of 2026, depending on market performance, economic conditions, and the pace of demand recovery across major consuming nations.
Shopeju Olateju
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