Oil Summit in Abu Dhabi: OPEC+ Freezes Planned Production Hikes for Early 2026
On 3 November 2025, in Abu Dhabi, a major oil summit shook up expectations. The group OPEC+ announced that it will freeze the planned rise in oil production for the first quarter of 2026. The decision comes as global demand remains uncertain and inventories stay high. Producers led by Saudi Arabia and the United Arab…