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.
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7 Articles
OPEC+ to maintain oil output amid Saudi-UAE tensions over Yemen
OPEC+ will likely maintain steady oil output at its meeting on Sunday, three OPEC+ delegates said on Friday, despite political tensions running high between key members Saudi Arabia and the UAE over Yemen. Sunday's meeting of eight members of OPEC+, which pumps about half the world's oil, comes after oil prices fell more than 18 percent in 2025 — their steepest drop since 2020 — amid growing oversupply concerns. The eight - Saudi Arabia, Russia,…
Sunday's meeting comes after oil prices fell more than 18% in 2025.
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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