OPEC+ Likely to Confirm Oil Production Pause, Delegates Say

OPEC+ is expected to stick with a planned output pause when it meets this weekend amid growing signs of global oil oversupply, three delegates said.

Key members led by Saudi Arabia and Russia will hold a monthly video conference on Jan. 4, and review a decision — first made in November — to halt further supply hikes during the first quarter after rapidly reviving production earlier this year.