OPEC+ Maintains Oil Output, Amidst Geopolitical Uncertainties

OPEC+, the influential oil-producing nation group, likely to keep current output levels due to oversupply concerns. Meeting coincides with U.S. peace talks with Russia and Ukraine, potentially impacting global oil supply. Brent crude closes near $63 a barrel, down 15% this year. OPEC+ previously paused output increases, releasing 2.9 million barrels per day since April 2025. Complex discussions within OPEC+ ongoing, with some members advocating for higher output quotas. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.