Archive · 30 Nov 2025

OPEC Likely to Keep Oil Output Steady

OPEC Likely to Keep Oil Output Steady

OPEC, which is a group of countries that produce a lot of the world's oil, is having a meeting on Sunday.

They are likely to decide to keep producing the same amount of oil for the first few months of 2026.

This is because they are worried about having too much oil in the market and the price of oil has been going down.

They are also talking about how much oil they can produce in the future.

Before, they were producing less oil, but now they are increasing it to get more of the market.

The price of oil is important because it affects how much people pay for things like gas.

Sources