As oil glut fears mount, OPEC+ restrains output rises for now
- Posted on October 7, 2025
- By Business News Today
- 1 Views
As oil glut fears mount, OPEC+ restrains output rises for now
OPEC+ opted for a modest 137,000 bpd output increase for November, citing concerns over a potential global glut as non-OPEC supply rises and demand growth slows. This cautious approach follows market nervousness and a significant drop in Brent oil prices, with analysts predicting a growing surplus in coming months.
