OPEC+ leans toward another output increase amid market share push

OPEC+ is reported to be preparing for a modest production increase of around 137 000 barrels per day in December, following earlier raises and as it attempts to regain market share. Eight member countries are said to back the move, despite some concerns of oversupply ahead of the winter demand slump. Analysts note this incremental supply boost could pressure prices, especially if global demand softens or storage builds. The group’s next meeting will be watched closely for tone and outcome.