Opec+ agrees to boost output as Saudi focuses on revenue drive
Decision set to weigh on oil prices as global demand remains weak
Decision set to weigh on oil prices as global demand remains weak

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

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

With rivals running out of juice, the cartel can afford to play the long game

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

Exit represents a rejection of the production-control system dominated in recent years by Saudi Arabia

Move underlines long-running frustrations with group over production quotas