News Summary

• OPEC+ is gathering to assess global oil markets on Sunday, with the producers still on track to pause supply increases in the first quarter amid growing signs of a surplus.
• The coalition led by Saudi Arabia and Russia will probably stick with plans, agreed earlier this month, to make one more modest output increase in December and then hold steady for the first three months of next year.
• Oil futures have declined 15% this year to trade near $63 a barrel in London, as booming supply from the Americas in particular exceeds demand growth.