OPEC+ holds output steady for Q1 2026

Sunday, November 30, 2025 at 08:15 UTC+01:00 (+0100), N/A, N/A

News category : Commodity and Currency Events

At a scheduled meeting on November 30, OPEC+ delegates announced they would keep official production settings largely unchanged through the first quarter of 2026 while agreeing to a new capacity assessment mechanism for future baselines. The decision reflected producer caution about adding barrels amid uncertain demand for next year. Traders immediately trimmed speculative long positions and compressed forward risk premia as the near-term supply outlook became less bullish. Market participants noted the outcome lowers immediate upside but leaves prices susceptible to operational outages or geopolitical shocks. The agreement to examine capacity baselines drew attention to longer-term quota fairness rather than short-term volumetric changes.

Overall market impact

Strong bearish market impact - strength score : 80/100

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

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Impacted instruments :

Brent crude futures

WTI futures

Energy equities

Oil-exporter FX

Commodity derivatives

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