OPEC+ keeps Q1 2026 oil output unchanged amid oversupply fears, sets out to reassess member countries’ maximum sustainable production capacities

01.12.2025

At its Sunday meeting, OPEC+, the cartel’s expanded group of oil producers which include Russia, Kazakhstan and Azerbaijan, reaffirmed its decision to keep oil production levels unchanged for the first quarter of 2026 and formally approved a long-debated process to reassess member production capacities for future quotas. The production decision aligned closely...