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OPEC+ Pauses Oil Output Hikes Amid Market Glut Concerns

1 min read
Source: Bloomberg
OPEC+ Pauses Oil Output Hikes Amid Market Glut Concerns
Photo: Bloomberg
TL;DR

Morgan Stanley raised its near-term crude oil price forecast to $60 per barrel for the first half of 2026 after OPEC+ announced a pause in production hikes, signaling reduced volatility and a potential stabilization of oversupply, with prices expected to rise to $65 later in 2026 and into 2027.

Topics:business#business#crude-oil#market-forecast#oil-prices#oil-production#opec
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  1. Morgan Stanley Lifts Oil Forecast After OPEC+ Output Hike Pause  Bloomberg
  2. OPEC+ pauses oil output hikes beyond December amid glut fears  Reuters
  3. OPEC and Allies Agree to Boost Oil Production, Then Pause - WSJ  The Wall Street Journal
  4. OPEC+ to Pause Output Hikes Next Year as Market Set for Glut  Yahoo Finance
  5. Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026  ABC News

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