By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Nov 30 (Reuters) – OPEC+ countries agreed to maintain group-wide oil production quotas for 2026 at a meeting on Sunday, and also agreed on “a mechanism to assess members’ maximum oil production capacity,” OPEC said in a statement. Eight OPEC+ countries, which will hold a separate…
(Bloomberg)– OPEC+ will pause output increases for the first quarter, after making another modest increase next month, as the group balances its push to gain market share with signs of an emerging surplus. Key members led by Saudi Arabia agreed during a video conference on Sunday to restart 137,000 barrels per day next month, matching…
By Seher Dareen LONDON (Reuters) – Oil prices recovered from early losses on Monday, as optimism over a U.S.-China trade deal offset concerns about weak demand for crude. Brent crude futures were down 14 cents, or almost 0.2%, at $65.70 a barrel by 1227 GMT. US West Texas Intermediate crude oil futures fell 9 cents,…
