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OPEC+ Reportedly Expected to Keep Oil Production Policy in 1Q26
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OPEC+ may maintain the oil production levels for the first quarter of next year at the meeting this Sunday (30th), and reach an agreement on assessing the maximum capacity mechanism of member countries, Reuters reported, citing people familiar with the matter. Eight countries, including Saudi Arabia, increased their production targets by approximately 2.9 million bpd from April to December and agreed at the last meeting to suspend production increase in the first quarter of next year. At Sunday's meeting, member countries are expected not to make any changes to OPEC+'s overall production target for next year, with the joint reduction target of 2 million bpd likely to continue until the end of next year, sources divulged. AASTOCKS Financial News Website: www.aastocks.com |
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