OPEC+ Takes Action to Address Anticipated Global Oil Surplus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Source: MarketWatch
Current Oil Market Situation: Major oil producers are facing challenges as crude prices have dropped over 10% this year, leading to predictions of a significant global supply surplus.
OPEC's Response: In response to the declining prices and market conditions, the Organization of the Petroleum Exporting Countries (OPEC) and its allies have decided to pause oil-production increases in the first quarter of 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
