OPEC+ Plans Modest December Output Hike, Pauses Increases In Early 2026

Benzinga

OPEC+ agreed to raise December output targets by 137,000 barrels per day but will pause further increases through early 2026 to address oversupply risks. The move follows new Western sanctions on Rosneft and Lukoil as oil prices rebound to around $65 a barrel after recent lows.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02OPEC Plus agreed Sunday to raise December output targets by 137,000 barrels per day

00:08and pause increases during the first quarter of 2026, citing oversupply concerns.

00:14The group, which has lifted production by nearly 2.9 million barrels per day since April,

00:20said the pause aims to stabilize markets amid new Western sanctions on Russia's Rosnift and

00:25Luke oil. Analysts said OPEC Plus is managing seasonal demand weakness and uncertainty around

00:31Russian exports. Oil prices recently recovered to about $65 a barrel after falling to a five-month

00:38low near $60 in October. For all things money, visit Benzinga.com.

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