Even with low oil prices, Opec could come out on top
With rivals running out of juice, the cartel can afford to play the long game
With rivals running out of juice, the cartel can afford to play the long game

Analysts predict a glut of crude by the end of the year after cartel reverses output cuts

Decision set to weigh on oil prices as global demand remains weak

UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel

Eight countries agree to lift production slightly in December but pause further increases at start of 2026

Move underlines long-running frustrations with group over production quotas

If supply disruptions persist, holders of stockpiled reserves can’t be relied on to fully cushion the impact