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OPEC+ 2026 pause on production hikes allays fears of oil glut

OPEC+ agreed to pause its plans to continuously increase production in 2026, as its monthslong production hikes had stoked fear among global and U.S. producers that increased supply would push the market to an oil glut and further depress prices. Since April, OPEC+ has increased production by more t......

Source: Washington Examiner

Original URL: https://www.washingtonexaminer.com/policy/energy-and-environment/3872575/opec-pause-2026-production-hikes-allays-fears-oil-glut/