Oil output move: Opec+ announces fresh 137,000 bpd hike from December; aims to protect market share amid US shale slowdown

Opec+ nations, including Saudi Arabia and Russia, will boost oil output by 137,000 barrels daily from December for three months. This modest rise, a pause in previous hikes, aims to secure market share amid steady prices and declining US shale.

Nov 2, 2025 3

Oil output move: Opec+ announces fresh 137,000 bpd hike from December; aims to protect market share amid US shale slowdown
Opec+ nations, including Saudi Arabia and Russia, will boost oil output by 137,000 barrels daily from December for three months. This modest rise, a pause in previous hikes, aims to secure market share amid steady prices and declining US shale.
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