OPEC+ Agreement to Postpone Oil Production Increase in Q1 2025

OPEC+ Agreement to Postpone Oil Production Increase in Q1 2025

The OPEC+ alliance has agreed to maintain oil production at its current levels during the first quarter of 2025.

Sources within the alliance confirmed that the plan includes a gradual increase in production on a monthly basis after the end of the first quarter, aimed at meeting global demand and ensuring market stability.

This move is part of a long-term strategy to achieve a balance between supply and demand in the oil market.