OPEC+ Reaffirms Output Pause as Eight Producers Cite Market Stability

OPEC+ confirmed on Sunday that it will keep oil production steady through the first quarter of 2026, as eight key producers reaffirmed their commitment to market stability amid a steady global economic outlook and what they described as healthy oil market fundamentals. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on January 4 to review global market conditions and outlook. The group reiterated its decision, first announced on November 2, 2025, to pause planned production increases in…