01 Dec 2025

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Home Blog What’s Next for OPEC+ in the Glut Year?

What’s Next for OPEC+ in the Glut Year?

codarx

codarx

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Update date: 2025/11/30

OPEC+ is meeting this coming weekend to discuss the next steps in its production control plan. Early reports suggest the group will stick to a pause in the rollback of its cuts. Yet commentators say that this will not be enough—a glut is coming and OPEC+ will need something more than pausing cuts. First, the numbers. OPEC and its partners from OPEC+ started cutting oil production in 2023 after prices fell from three-digit highs in 2022. At the peak of the cuts, the group was withholding over 5 million barrels daily in supply. In fact, it…

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