Published by Global Banking & Finance Review®
Posted on November 2, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleOPEC+ will raise oil output by 137,000 barrels per day in December, with a pause in Q1 2026, affecting global oil markets.
LONDON (Reuters) -Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement.
(Reporting by Ahmad Ghaddar, Alex Lawler, Maha El Dahan and Olesya AstakhovaWriting by Alex LawlerEditing by Philippa Fletcher)
OPEC+ is a coalition of oil-producing countries that includes the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC countries, which collaborate to manage oil production and influence global oil prices.
Oil output refers to the total volume of crude oil produced by a country or organization over a specific period. It is a key metric in assessing energy supply and market dynamics.
Decisions regarding oil production can significantly impact global oil prices, economic stability, and energy markets, influencing everything from consumer fuel costs to inflation rates.
OPEC+ plays a crucial role in the global economy by regulating oil supply, which affects energy prices, trade balances, and economic growth in both oil-producing and oil-consuming countries.
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