03 Nov 2025

03:24

  • Bitumen 60/70

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    2$

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    1.6%

  • Bitumen 60/70

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    1.6%

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    1.6%

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    1.8%

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    339$

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    1.8%

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Home Blog Brent Stalls at $65 as Markets Shrug Off OPEC+ Supply Signals

Brent Stalls at $65 as Markets Shrug Off OPEC+ Supply Signals

codarx

codarx

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Update date: 2025/11/04

OPEC+ has failed to spark an oil price rally with its commitment to halt production hikes in the first quarter of 2026, as fears of a supply glut continue to weigh on both Brent and WTI.- OPEC+ surprised oil markets by announcing a pause in its scheduled return of voluntary cuts throughout Q1 2026, having agreed on a minor 137,000 b/d increase for December 2025.- According to media reports, Russia was the largest proponent of the temporary supply hike pause, giving OPEC+ more time to assess the impact of sanctions on Russian crude production.-…

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