South China Morning Post CENTER (0.0) Reliability: 7.5/10

Opec agrees to output increase, moderates plans due to glut fears

📅 November 02, 2025 09:31 PM 🕐 Scraped: November 02, 2025

Summary: Opec has raised output targets by more than 2.7 million bpd since April but slowed the pace in October and November amid predictions of oversupply.

Opec is set to agree on Sunday on another modest increase in oil output targets, three sources familiar with the talks said, as the producers’ group moderates plans to regain market share due to ris

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🌍 South China Morning Post

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November 02, 2025 at 09:31 PM

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