Market Chatter: OPEC+ Said to Keep Q1 Crude Output Steady

12:55 AM EST, 01/04/2026 (MT Newswires) -- Eight members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, will reportedly keep oil production levels unchanged for the first quarter, Reuters reported on Jan. 2, citing group delegates. The report added that the potential move at its Sunday meeting might be due to oversupply concerns, as well as the geopolitical tensions between Saudi Arabia and the United Arab Emirates over the conflict in Yemen. Previously, the group resolved to pause oil output hikes for the first quarter of 2026 in November 2025. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)