Friday, May 22, 2026
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs- oil and gas 360

OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

(World Oil)– With the producer club nearing the end of a first phase of jumbo output hikes, the market’s attention is turning to what will come after. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. Focus is now on the group’s intentions for those barrels. “Our base case

Explainer-What OPEC+ oil output cuts are currently in place?- oil and gas 360

Explainer-What OPEC+ oil output cuts are currently in place?

(Investing) – LONDON – OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook. The oil producer group on Thursday pushed back the start of oil output rises by three months until April 2025 and extended the full