OPEC+ Keeps Oil Output Steady and Approves Historic Capacity Mechanism

OilPrice · Charles Kennedy · last updated November 30, 2025 – 4:50 PM

At its Sunday meeting, OPEC+ reaffirmed its decision to keep oil production levels unchanged for the first quarter of 2026 and formally approved a long-debated process to reassess member production capacities for future quotas. The production decision aligned closely with expectations set by delegates, who signaled that the group would pause further supply increases amid concerns about a potential glut. The most significant development in the statement concerns future production baselines. Building on the mandate established at the 39th meeting,…

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