OPEC+ expected to maintain output pause amid growing global oil surplus, January 4 meeting
TL;DR summary: OPEC+ is widely expected to reaffirm its planned pause in oil output increases at a meeting this weekend, as evidence builds of a growing global supply surplus and slowing demand growth. With crude prices under sustained pressure, the group appears inclined to prioritise market stability over further production hikes. — OPEC+ is expected […]