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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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