RUSSIAN PUSH FOR OPEC+ ACTION PAUSE MET NO SAUDI RESISTANCE, SOURCES SAY
https://media.zenfs.com/en/reuters.com/4cda0f4ded42ed9286533bf95ef951b6
✍️ OPEC and its allies decided to keep oil output targets steady in the first quarter of 2026, citing seasonality and concerns about a supply glut.
👉 OPEC+ decided to keep oil output targets steady in the first quarter of 2026 👉 Russia lobbied for the pause due to Western sanctions 👉 Saudi Arabia agreed to the pause due to slower demand in the first quarter 👉 OPEC+ cited seasonality as the reason for the pause 👉 Forecasters predict a supply glut next year
-- #DmitryZhdannikov #AlexLawler #AhmadGhaddar #AlexanderNovak #HelimaCroft #London #SaudiArabia #Russia #business
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