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2025-11-02 19:54:20
[OPEC+ Representative: Slight December Production Increase to be Approved, Continuing Slow Pace of Increase] 1. According to an OPEC+ representative, the alliance plans to formally approve a slight increase in crude oil production again in December at its online meeting on Sunday. Major member countries, led by Saudi Arabia, are expected to pass the resolution at the meeting, restoring approximately 137,000 barrels per day of suspended production capacity. 2. This increase is consistent with the slight increases implemented in October and November, indicating that OPEC+ is continuing its cautious pace of production increases. The alliance is currently slowly restoring 1.65 million barrels per day of production that was suspended two years ago, while another batch of capacity was rapidly restored earlier this year.
