OPEC+ expected to approve small December output increase

Friday, October 31, 2025 at 09:00 UTC+01:00 (+0100), N/A, N/A

News category : Commodity and Currency Events

Multiple sources reported on October 31 that OPEC+ is leaning toward approving a relatively small production increase for December. The projected increment is modest in absolute barrels but contributes to a broader trend of gradual supply normalisation after months of tighter output. Traders reacted by trimming forward risk premia in crude markets; near-term prices softened amid the prospect of more available barrels. The development matters for sovereign revenues in exporters and for inflation in importing economies; strategists warned that any pause or reversal of the plan would quickly restore risk premia in oil markets.

Overall market impact

Mild bearish market impact - strength score : 74/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

Brent and WTI futures

Energy equities

Oil-exporter currencies

Oilfield services stocks

Commodity derivatives

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