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OPEC+ agrees to small December oil output hike, and Q1 pause

CompaniesGazprom Neft’ PAOFollowSurgutneftegaz PAOFollowLONDON, Nov 2 (Reuters) – Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement.

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Reporting by Ahmad Ghaddar, Alex Lawler, Maha El Dahan and Olesya Astakhova
Writing by Alex Lawler
Editing by Philippa Fletcher

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