OPEC+ Holds Oil Limits Through Early 2026

Benzinga

OPEC+ left oil output unchanged for Q1 2026, pausing production hikes amid worries about a potential supply glut. The group still maintains over 3 million barrels per day in cuts and plans to review capacity next year to set 2027 baselines. Eight members have already halted increases after months of adding supply.

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

00:02OPEX Plus kept oil output levels unchanged for the first quarter of 2026, according to Reuters.

00:08Group maintained existing cuts as it slowed its efforts to regain market share amid concerns about a potential supply glut.

00:14Eight members paused production hikes after adding 2.9 million barrels per day since April 2025, and the meetings reaffirmed that decision.

00:22Group still has about 3.24 million barrels per day of cuts in place, including a 2 million barrel per day reduction running through 2026.

00:29Members also approved a plan to assess production capacity between January and September 2026 to set new output baselines for 2027.

00:38For all things money, visit Benzinga.com.

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