Story perspectives
OPEC+ Maintains Output as Brent Prices Plummet
12/1/2025
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Story summary
- OPEC+ will maintain oil output for the first quarter of 2026 after pausing hikes that delivered 2.9 million barrels per day since April 2025.
- The group will assess production capacities from January through September 2026 to set quotas.
- Brent prices have declined about 15% this year and closed near $63 per barrel.
- Some members, notably Africa-focused, resist quota cuts despite declining capacity; Angola left the group in 2024.
