Petrol prices are on the rise due to OPEC+ decisions!

Price Increase of Oil After OPEC+ Meeting

Oil prices showed a slight increase in Asian markets following OPEC+'s decision to implement a limited production increase in December. The strategies set during the OPEC+ meeting created a positive atmosphere in the markets.

OPEC+ Production Increase and Market Reaction

On Monday, a barrel of Brent oil was trading at 65.12 dollars with a %0.54 increase, while U.S. crude oil (WTI) reached 61.33 dollars with a %0.57 rise. At the OPEC+ meeting, it was decided to increase daily production by 137 thousand barrels in December 2025. This increase is in line with the existing increases in October and November.

Demand Uncertainty and OPEC+ Strategy

Additionally, OPEC+ decided not to make any further production increases in January, February, and March 2026. This strategy was adopted to take into account the seasonal drop in demand and the typical reductions in demand usually observed in the first quarter. According to experts, while this decision aims to support prices by limiting oil supply, it also reflects OPEC+'s cautious approach towards demand.

Uncertainties in Foreign Markets

In foreign markets, the tightening sanctions imposed by the U.S. on Russian oil producers and the uncertainties in organized export flows are affecting the volatility of oil prices.