US EditionOPEC+ agrees to maintain steady oil output amid turmoil among members
OPEC+ will hold production steady through March to manage oversupply and stabilize prices after an 18% drop in 2025, amid geopolitical tensions and weak seasonal demand.
- On Jan 4, 2026, OPEC+ agreed to maintain steady oil output at a brief online meeting that lasted under 10 minutes.
- After crude futures fell more than 18% in 2025, the eight OPEC+ members raised output targets by around 2.9 million barrels per day, prompting a pause on fresh hikes.
- Geopolitical shocks included tensions between Saudi Arabia and the United Arab Emirates last month over Yemen and the United States capturing Venezuelan President Nicolas Maduro on Saturday.
- By not discussing Venezuela, OPEC+ delegates signalled the brief online meeting did not address supply changes despite Nicolas Maduro's capture, with several calling adjustments premature.
- The eight will reconvene on February 1 to reassess policy, while analysts say Venezuela, producing around 800,000 barrels a day, could add about 150,000 but needs massive reforms to reach two million.
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OPEC+ Sticks With Plan to Keep Oil Flow Steady Amid Turmoil
Key members led by Saudi Arabia and Russia agreed Jan. 4 to keep production levels steady through the end of March, ratifying a decision made in November to suspend last year’s sequence of increases.
Eight OPEC+ countries confirmed their plans to keep oil production levels unchanged
OPEC+ Maintains Oil Output, Defying Internal Discord
OPEC+ decided to keep oil production steady during its recent meeting, despite political issues between Saudi Arabia and the UAE, and the U. S. capturing Venezuelan President Nicolas Maduro. The group, which includes eight countries that supply about half of the world’s oil, noted an 18% drop in oil prices in 2025 due to oversupply […] The post OPEC+ Maintains Oil Output, Defying Internal Discord appeared first on Modern Diplomacy.
OPEC+ to Keep Oil Output Consistent Amid Supply, Geopolitical Concerns
OPEC+ said on Jan. 4 that it would keep oil output consistent, maintaining a decision that eight members agreed to in November 2025 to pause increases in oil production throughout January, February, and March. The consortium, which produces roughly half of all oil worldwide, consists of members from the Organization of the Petroleum Exporting Countries (OPEC)—Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Ara…
The organization is facing several crises, including political tensions between key members of the group.
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