OPEC+ will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.Key members led by Saudi Arabia confirmed the three-month supply pause — first announced at the start of this month — during a video conference on Sunday, according to the delegates, who asked not to be identified as the talks are private.While the hiatus indicates some caution by the Organization of the Petroleum Exporting Countries and its partners after ...

Core Points - OPEC+ countries have agreed to maintain oil output quotas for 2026 and established a mechanism to assess members' maximum oil production capacity [1][4] - Eight OPEC+ countries have reached an agreement to pause output hikes for the first quarter of 2026, coinciding with ongoing U.S. efforts for a Russia-Ukraine peace deal [2][3] - The group currently has over 3 million barrels per day (bpd) of output cuts in place, which represents approximately 3% of global demand [3][4] Production Capacity and Quotas - OPEC+ has paused oil output hikes after releasing about 2.9 million bpd into the market since April 2025 [3][4] - The approved mechanism for assessing maximum production capacity will be used for setting output quotas starting in 2027, a topic that has been challenging due to differing capacities among member countries [4][5] - Some members, like the United Arab Emirates, have increased capacity and seek higher quotas, while others, particularly African nations, have seen declines in production capacity but resist quota cuts [4][5]

The logo of the Organization of the Petroleum Exporting Countries seen outside its secretariat in Vienna, Austria. (Photo: Danil Shamkin)NurPhoto via Getty ImagesOil producers’ group OPEC+ maintained its plan to keep crude output levels unchanged until March 2026 at its latest meeting on Sunday, as market fears over a potential supply glut continue to persist.A potential breakthrough in the Russia-Ukraine War leading to the possible return of sanction-ridden Russian barrels to global supply pool is also see ...

Core Viewpoint - OPEC+ is expected to maintain oil output levels for the first quarter of 2026, reflecting a cautious approach to market dynamics amid concerns of a potential supply glut [1] Group 1 - OPEC+ meetings are scheduled for Sunday, where the decision on oil output levels will be discussed [1] - Delegates indicate a moderation in efforts to regain market share, suggesting a strategic pause in production increases [1] - The decision comes in light of fears regarding an impending oversupply in the oil market [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to consider their financial situation and needs before relying on the information provided [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to perform their own research and understand the risks involved before making investment decisions [1].

Core Points - Petrobras is hosting a webcast to discuss its new business plan for the period 2026-2030 [1] - The event includes simultaneous translation into English, indicating a focus on international investors [1] - Key executives present include the President of Petrobras and the Executive Director of Energy Transition and Sustainability [2]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Insights - Atlantic Petroleum reported its Q3 2025 results, highlighting a net loss of DKK 2.1 million and an operating loss of DKK 3.3 million [2] - The company is undergoing a debt restructuring process aimed at reducing its debt by at least DKK 90 million, with progress being made towards finalizing the agreement [2][3] - The company's net assets/shareholders equity stands at DKK -114.5 million, and it has bank debt amounting to DKK 59.4 million [2] Financial Performance - General and administrative (G&A) costs for Q3 2025 were reported at DKK 0.6 million [2] - The operating loss for the quarter was DKK 3.3 million, indicating ongoing financial challenges [2] - The net loss for the quarter was DKK 2.1 million, reflecting the company's current operational difficulties [2] Debt Restructuring - An agreement was reached with main creditors on April 4, 2025, to reduce the company's debt by at least DKK 90 million [2] - The successful completion of the restructuring is critical for the company's ability to continue as a going concern [3] Company Overview - Atlantic Petroleum is involved in oil and gas joint ventures with reputable international partners and is based in Tórshavn, Faroe Islands [4] - The company has subsidiaries and offices in the UK and is listed on NASDAQ OMX Copenhagen [4]

Company Overview - Oregen Energy Corp is an investment company primarily focused on oil and gas assets in Africa [2] - The company is exploring investment opportunities in the Orange and surrounding basins [2] - Oregen's flagship investment is a 33.95% net interest in Block 2712A in the Orange Basin offshore Namibia, which is recognized as an emerging world-class petroleum province with multiple recent discoveries by major operators [2] Recent Developments - Oregen Energy Corp has granted a total of 900,000 restricted share units (RSUs) to a director and officer of the company [1] - The RSUs will expire on December 31, 2028 [1]

January WTI crude oil (CLF26) on Friday closed down -0.10 (-0.17%), and January RBOB gasoline (RBF26) closed down -0.0058 (-0.32%). Crude oil and gasoline prices fell from 1-week highs on Friday and settled lower.  Crude prices came under pressure on Friday in hopes of an end to the Russian-Ukrainian war, which could lead to the end of sanctions on Russian energy and boost global oil supplies.  Crude prices initially rose on Friday after the dollar index (DXY00) fell to a 1.5-week low.  Crude prices also ...