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OPEC+ to Maintain Oil Output Policy Amid Saudi-UAE Tensions over Yemen ...

OPEC+ members prioritize market stability by maintaining output amid Saudi-UAE conflict, following a nearly 3% production hike last year and an 18% oil price drop in 2025.

Summary by Oil Price
Despite the public spat between two of OPEC’s top producers, Saudi Arabia and the United Arab Emirates (UAE), the wider OPEC+ group is expected to confirm at a Sunday meeting that it would hold output steady through the first quarter of 2026, delegates from the alliance told Reuters on Friday.  In recent days, OPEC’s top producer and de facto leader, Saudi Arabia, and the cartel’s large producer and influential member, the UAE, had a very public…
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OPEC+ to maintain oil output policy amid Saudi-UAE tensions over Yemen ...

·United Kingdom
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Sunday's meeting comes after oil prices fell more than 18% in 2025.

·Brazil
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On the first trading day of the new year, traders tried to weigh expectations of a possible oversupply and the impact of escalating geopolitical tensions.

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Reuters broke the news in United Kingdom on Friday, January 2, 2026.
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