Delegates: OPEC+ Set to Hold Output Steady Despite Political Turmoil

OPEC+ is expected to reaffirm its decision to keep oil production steady through the first quarter of 2026 when key members meet on Sunday, despite rising geopolitical tensions and fresh uncertainty surrounding Venezuela, according to multiple delegates and industry sources. The eight OPEC+ countries currently implementing voluntary production curbs — Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — agreed in November to pause planned output increases for January through March, citing seasonal demand weakness.…