The OPEC+ alliance, which includes 22 major oil-producing nations led by Saudi Arabia and Russia, has postponed its upcoming meeting to December 5, 2025. Originally scheduled for Sunday, the meeting was rescheduled due to several ministers attending the 45th Gulf Summit in Kuwait City, according to an OPEC statement. The meeting will be held online.

This delay comes as analysts speculate that OPEC+ members are facing internal disagreements over plans to increase oil production. Earlier this month, eight OPEC+ members, including Saudi Arabia and Russia, extended supply cuts until the end of December to boost crude prices. These cuts had supported oil prices in recent days, as the prospect of a delayed production increase helped stabilize the market.

Rystad Energy analyst Jorge Leon suggested the postponement may signal that OPEC+ is struggling to align its members’ views, rather than just a scheduling conflict. He noted that “there seem to be divergent views” within the group, and more time may be needed to resolve them.

OPEC+ nations, including Algeria, Iraq, Kazakhstan, Kuwait, Oman, and the UAE, have delayed production increases due to concerns over slowing demand, which has affected oil prices. Analysts warn that maintaining output cuts could result in a loss of market share to non-OPEC producers, while raising production may lead to a further drop in prices. According to analysts at DNB, Norway’s largest bank, “The oil market in 2025 has no room for additional OPEC+ barrels.”