OPEC+ to pause output hikes in first quarter to ease fears of glut, after one more boost in December

Core Viewpoint - OPEC+ has decided to pause oil-production hikes in the first quarter of 2026 to prevent an oversupply of crude oil following a modest increase in December [1] Group 1 - The decision involves eight nations within OPEC+ [1] - The pause in production hikes is a strategic move to manage oil supply levels [1] - The modest increase in December indicates a cautious approach to production adjustments [1]