OPEC+ confirmed it will pause planned output hikes in Q1 2026 and keep group quotas steady through next year, even as crude trades around $63 with prices down roughly 15% this year. The group still plans to bring back the remaining ~1.1M bpd of 2023 cuts later and will use a new capacity review to help set 2027 quotas, but for now sticks with “stability” while the IEA is flagging a record glut risk in 2026.