OPEC+ to increase oil production in November

Oil producers are keeping a steady hand on the tiller. Members of the OPEC+ alliance agreed to another modest increase—137,000 barrels a day in November—matching last month’s bump. The move signals confidence in a stable global economy and “healthy market fundamentals,” though the group left room to reverse course if conditions change. Led by Saudi Arabia and Russia, OPEC+ continues its careful balancing act between supporting prices and meeting demand as the world watches for signs of slowdown or strain.