New Delhi, Nov. 3 -- Global oil markets brace for record surplus as OPEC+ freezes production through Q1 2026, signaling desperation amid collapsing prices and geopolitical chaos

In a carefully choreographed maneuver aimed at forestalling an unprecedented oil glut, the Organization of the Petroleum Exporting Countries and its allies announced on Sunday a strategic pause in production increases for the first quarter of 2026, signaling growing anxiety within the cartel about the fundamental imbalance between global supply and demand that threatens to reshape energy markets over the coming year. The decision marks a turning point in OPEC+'s calculus, moving from aggressive production restoration to cautious market management as geopolitical ...