OPEC+ Delays Oil Production Increase Amid Market Uncertainty

OPEC+ has decided to delay increasing oil production due to a weak global demand outlook, extending current production cuts until the end of 2026. Eight members will maintain a 2.2 million-barrel-per-day voluntary cut into early 2026, with gradual increases planned later that year. Additionally, a separate 1.7 million-barrel-per-day cut will be extended through 2026. Despite these measures and regional conflicts, oil prices remain low. The potential return of Donald Trump as U.S. President adds further uncertainty to the global oil market.