Nov 2 (Reuters) – OPEC+ has decided to pause oil production hikes beyond December 2025, citing growing concerns about a potential global supply glut and weakening demand. The move aims to stabilize prices amid rising economic uncertainty and record U.S. output.
oil output
Saudi Arabia, Russia Agreed in September to Lift Oil Output, Told US – GSR
US President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the US Congressional elections on 6 November.