OPEC+ Pauses Oil Output Hikes Amid Market Glut Concerns
TL;DR Summary
Morgan Stanley raised its near-term crude oil price forecast to $60 per barrel for the first half of 2026 after OPEC+ announced a pause in production hikes, signaling reduced volatility and a potential stabilization of oversupply, with prices expected to rise to $65 later in 2026 and into 2027.
- Morgan Stanley Lifts Oil Forecast After OPEC+ Output Hike Pause Bloomberg
- OPEC+ pauses oil output hikes beyond December amid glut fears Reuters
- OPEC and Allies Agree to Boost Oil Production, Then Pause - WSJ The Wall Street Journal
- OPEC+ to Pause Output Hikes Next Year as Market Set for Glut Yahoo Finance
- Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026 ABC News
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