US EditionThe Price of Oil Reacts Unchanged to the Brake on Opec Production by December
3 Articles
3 Articles
The market observes with caution the OPEC. The price of oil has barely oscillated this Monday, a day after the alliance first announced since April a pause in the increase in its production. Representatives of oil-exporting countries have stated that they do not foresee any oversupply in the short term, and investors buy it in half. Brent, the world reference, has retracted 0.4% for the day — for now a three-day interruption followed by increase…
Oil prices fell by more than 1% this Tuesday after the Organization of Petroleum Exporting Countries and its allies (OPEC+) confirmed that crude oil production will increase by 137,000 barrels per day (bpd) from December. The group, led by Saudi Arabia and Russia, further noted that it does not foresee any further adjustments in supply until March 2026, a decision that the market interprets as a sign of stability, but that presses prices downwar…
OPEC+ leaves production targets unchanged in the first quarter of 2026; the decision was supported by a Russian initiative and concerns about seasonally weaker demand and oversupply risks.
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