By Alex Lawler

LONDON, Dec 11 (Reuters) – World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an ‍outlook contrasting with projections from the International Energy Agency and others of a huge glut.

The OPEC+ group comprising the Organization of the Petroleum Exporting Countries, Russia and other allies plans to pause production hikes in ‌the first quarter of 2026, amid ‌widespread predictions of oversupply.

In a monthly report on Thursday, OPEC said that OPEC+ pumped 43.06 million barrels per day of crude in November, up 43,000 bpd from the previous month, as the latest output hike agreement took effect.

The report forecast demand for OPEC+ ‍crude will average 43 million bpd in 2026, unchanged from last month and close to what OPEC+ produced

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