Tag

Oil Glut

All articles tagged with #oil glut

OPEC+ to Pause Oil Output Increases Amid Glut Concerns

Originally Published 2 months ago — by Financial Times

Opec+ has decided to pause its plans to increase oil output next year in response to fears of an oversupply, with a temporary increase in December followed by a halt in early 2024, amid concerns over weaker demand and the impact of US sanctions on Russian oil exports.

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OPEC+ to Pause Oil Output Hikes After Small December Increase

Originally Published 2 months ago — by Reuters

OPEC+ has decided to pause oil output increases in the first quarter of 2026 and only slightly raise December output, amid fears of a supply glut and challenges from Western sanctions on Russia, with the group aiming to protect prices and manage market stability.

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