Conglin Xu

OPEC+ holds firm on output strategy amid market uncertainty Eight OPEC+ producers that previously announced additional voluntary supply adjustments met virtually on Jan. 4, 2026, to review global oil market conditions and the outlook. The group—Saudi Arab... See more

Venezuela shock raises geopolitical risk, oil prices remain steady Key Highlights - A US airstrike in Venezuela resulted in the capture of President Nicolás Maduro, raising questions about the country's future government and regional stability. - Venezuel... See more

OPEC+ to pause oil production hikes for first-quarter 2026 OPEC+ has decided to slightly increase oil production in December, while suspending any further increases in first-quarter 2026. This decision comes as the organization reassesses its strategy to ... See more

Key Highlights - The IEA lowered its demand growth forecast for 2025 and 2026, citing weaker economic conditions and electrification trends. - Oil supply is projected to increase by 3 million b/d in 2025, driven by both OPEC+ and non-OPEC producers like t... See more