{"id":218940,"date":"2026-01-06T03:28:12","date_gmt":"2026-01-06T03:28:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/218940\/"},"modified":"2026-01-06T03:28:12","modified_gmt":"2026-01-06T03:28:12","slug":"opec-opts-to-prolong-suspension-of-oil-production","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/218940\/","title":{"rendered":"OPEC+ Opts to Prolong Suspension of Oil Production"},"content":{"rendered":"<p> (<a style=\"color:black\" href=\"https:\/\/menafn.com\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a>) The Organization of the Petroleum Exporting Countries (OPEC) and its partner nations, collectively known as OPEC+, have opted to extend their suspension of oil production hikes throughout February and March, citing seasonal demand patterns, OPEC announced in a Sunday statement.<\/p>\n<p>The determination came following a virtual conference among OPEC+ member states, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, convened to assess worldwide market dynamics and economic projections.<\/p>\n<p>The eight-nation OPEC+ coalition had been incrementally boosting crude output on a month-to-month basis starting in April 2025. Yet in late November of last year, the group chose to halt these increases for January, February and March 2026 based on seasonal considerations.<\/p>\n<p>The statement indicates the nations will embrace a measured strategy while retaining complete adaptability to modify production volumes as necessary in reaction to market shifts.<\/p>\n<p>The cartel stated the eight countries will reconvene on February 1 to determine subsequent actions.<\/p>\n<p><a style=\"color:black\" href=\"https:\/\/menafn.com\/1110556293\/OPEC-Opts-to-Prolong-Suspension-of-Oil-Production\" target=\"_blank\" rel=\"nofollow noopener\"><\/p>\n<p>MENAFN05012026000045017169ID1110556293<\/p>\n<p><\/a><\/p>\n<p>  <\/p>\n<p> Legal Disclaimer:<br \/><a href=\"https:\/\/menafn.com\/\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a> provides the<br \/>\n              information \u201cas is\u201d without warranty of any kind. We do not accept<br \/>\n              any responsibility or liability for the accuracy, content, images,<br \/>\n              videos, licenses, completeness, legality, or reliability of the information<br \/>\n              contained in this article. If you have any complaints or copyright<br \/>\n              issues related to this article, kindly contact the provider above.<\/p>\n","protected":false},"excerpt":{"rendered":"(MENAFN) The Organization of the Petroleum Exporting Countries (OPEC) and its partner nations, collectively known as OPEC+, have&hellip;\n","protected":false},"author":2,"featured_media":218941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-218940","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/218940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=218940"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/218940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/218941"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=218940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=218940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=218940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}