Despite the ongoing turmoil among its members, OPEC+ is poised to maintain its oil output levels at its upcoming meeting on Sunday, according to sources. This decision comes amidst heightened political tensions between key members Saudi Arabia and the UAE, as well as the recent capture of Venezuela's president by the United States. The meeting, involving eight members of OPEC+, which pumps about half the world's oil, follows a significant 18% drop in oil prices in 2025, raising concerns about oversupply. However, the group has historically managed internal crises by prioritizing market management over political disputes. The eight members, including Saudi Arabia, Russia, and the UAE, had previously agreed to pause output hikes for January, February, and March. With the U.S. capturing Venezuela's president and the ongoing crisis in Yemen, OPEC+ faces numerous challenges. Despite these issues, the group is expected to maintain its output levels, as any changes to the policy are unlikely to be made at the upcoming meeting.
