OPEC+ sticks with production quota
December 1, 2025
Crude oil is up after OPEC+ decided to stick with its plan not to raise production in the first quarter of next year. Also, Iraq, Oman, Kazakhstan, and the UAE submitted plans for cutbacks totaling 221,000 bpd due to overproduction in November.
The talks between Russia and Ukraine continue, which is good, but there are still many issues to resolve to reach a peace agreement. Ukraine said there are still significant details to work out on the plan.