OPEC and allies agree to boost oil production, then pause

The group wants to regain market share lost to U.S. shale producers (Image: Getty)

Mon, 03 Nov 2025

The Organization of the Petroleum Exporting Countries and its allies agreed to boost oil production next month but signaled they would soon pause output increases.Eight OPEC+ members led by Saudi Arabia said they would raise production by 137,000 barrels a day in December—the same output increase agreed on for November and October—the group said Sunday after an online meeting.However, in a statement, the members said they wouldn’t increase production in the first three months of next year, citing seasonality. The move com...

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