OPEC+ Oil Output Decision - OPEC+ has decided to maintain a pause in oil output hikes for the first quarter of 2026 to ensure market stability amid global oversupply concerns [2][3] - The group, which accounts for approximately half of the world's oil supply, previously agreed to suspend production increments for January, February, and March [2] - Oil prices experienced a significant decline of over 18% in 2025, marking the steepest drop since 2020, prompting a cautious approach to market management [3] American Airlines Expansion - American Airlines Group Inc. has enhanced its service to the Caribbean by adding over 3,700 additional seats, coinciding with the resumption of scheduled service on January 4 [4][5] - The airline is deploying larger aircraft and operating extra flights to accommodate higher demand and assist customers affected by recent airspace restrictions [5] Gazprom's NIS Refinery Restart - Gazprom's NIS refinery in Serbia is set to restart operations by January 18, following a temporary operating license from the U.S. Treasury Department [6][7] - The license allows NIS to resume crude oil procurement and processing, enabling the refinery to operate at full capacity [7] - Negotiations are ongoing between Gazprom and MOL for the sale of the Russian majority stake in NIS, with hopes for a swift conclusion to ensure fuel supply for Serbia [7]
OPEC+ Maintains Oil Output Pause for Q1 2026; American Airlines Boosts Caribbean Service; Gazprom Refinery to Restart