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Oil price rises after Opec+ pauses oil output hikes amid glut fears – business live

The Guardian•Monday, November 3, 2025 at 8:47:45 AM
NegativeWorld Affairs
Oil price rises after Opec+ pauses oil output hikes amid glut fears – business live
Oil prices are on the rise as Opec+ has decided to pause any further output hikes beyond December, primarily due to concerns about a potential crude glut. This decision comes at a time when shares of Italian drinks maker Campari have dropped nearly 3% after tax police seized €1.29 billion worth of shares linked to a tax evasion investigation involving its controlling shareholder, Lagfin. This situation highlights the ongoing volatility in the oil market and the impact of regulatory actions on corporate stability, making it a significant development for investors and the economy.
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