Agencies OPEC+ agreed Sunday to maintain its oil production levels for the first quarter of 2026, opting for stability as the group weighs market risks and concerns over a potential global supply glut. The meeting of OPEC+, which pumps half of the world’s oil, comes during a fresh U.S. effort to br»»»

OPEC+ agreed Sunday to maintain its oil production levels for the first quarter of 2026, opting for stability as the group weighs market risks and concerns over a potential global supply glut. The meeting of OPEC+, which pumps half of the world's oil, comes during a fresh U.S. effort to broker a pe»»»

42 By Emily Chow and Trixie Yap SINGAPORE (Reuters) -Oil prices rose around 1.5% on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions, though analysts expect near-term gains to be capped by a soft demand outlook. »»»

OPEC+ will raise oil output from November by 137,000 barrels per day, it said on Sunday, opting for the same fairly modest monthly increase as in October and far less than the 500k+ speculated by the Bloomberg "source" who continues to be short oil and appears to buy every dip. The group consisting»»»