OPEC+ will pause output increases in the first quarter of next year after a modest hike next month, as the group balances market share against signs of a surplus. Key members agreed to revive 137,000 barrels a day next month, then take a hiatus from January to March. The decision reflects an expectation of weaker demand during that period. Brent crude futures are down 13% this year, settling below $65 a barrel. The full OPEC+ alliance will meet on Nov. 30 to review production levels for 2026. Saudi Crown Prince Mohammed bin Salman will meet with President Donald Trump in Washington later this month.

Read more at Yahoo Finance: OPEC+ to Pause Output Hikes Next Year as Market Set for Glut