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OPEC+ keeps oil output steady amid turmoil among members
New York Post· 2026-01-04 20:40
OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members.Sunday’s meeting of eight members of OPEC+, which pumps about half the world’s oil, came after oil prices fell more than 18% in 2025 — their steepest yearly drop since 2020 — amid growing oversupply concerns.Tensions between Saudi Arabia and the UAE flared last month over a decade-long conflict in Yemen, when a UAE-aligned group seized territory fr ...