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

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Published03 NOV 25 - 12:24 Reading time 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.

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Author

June Goh

Senior Oil Market Analyst

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