OPEC+ moving carefully with output gains amid sanctions, excess oil supply, analysts say

June Goh

Senior Oil Market Analyst

3 November 2025 Time to read:  minutes

Sparta Senior Oil Market Analyst June Goh said this modest pace of increases allows OPEC+ “to unwind cuts in a pragmatic manner, as it allows them to test if the market is truly in the oil glut or purely facing a seasonal weakness due to peak refinery turnarounds” in October and November.

MT Newswires, Oct 31, 2025 – OPEC+ will increase output by just 137,000 b/d in November, signaling a measured approach amid growing supply and geopolitical uncertainty. The modest hike is smaller than earlier expectations and reflects a desire to avoid deepening the current surplus.

  • Press Coverage

Similar articles

  • Press Coverage

3 November 2025

Global refining margins soar as sanctions threaten Russian supplies

June Goh

Learn more
  • Press Coverage

17 October 2025

Western pressure to hit Asian buying of Russian oil from December, sources say

June Goh

Learn more
  • Press Coverage

16 October 2025

Dangote’s lackluster oil buying casts doubt over gasoline supply

Neil Crosby

Learn more

Book a demo to see how Sparta enables you to trade with conviction

Book a demo
general-cta-graphic
general-cta-graphic