OPEC+ Set to Keep Oil Output Steady, Sources Say

OPEC+ is likely to leave its oil production policy unchanged when it meets on Sunday, according to sources familiar with the matter. The group, which includes major oil producers such as Saudi Arabia and Russia, will not announce new cuts or increases to output. Instead, it is expected to maintain the current production levels agreed upon in previous meetings. This decision comes as global oil markets remain balanced, with supply and demand staying relatively stable. Analysts say the move signals that the group is comfortable with current prices and does not see an urgent need to adjust output. The meeting is scheduled to take place via video conference, with key ministers discussing market conditions. No major surprises are anticipated, as the group has signaled a cautious approach in recent months. OPEC+ has been gradually adjusting its production levels over the past year to support market stability. Sunday’s decision, if confirmed, would mark another step in its careful management of global supply.