Organization: Geopolitical risks or dominant OPEC + production decisions.

Energy research company Rystad Energy's analysis indicates that the decision by OPEC+ to maintain stable oil production is likely to be influenced by geopolitical uncertainties involving key member countries such as Russia and Venezuela. The organization is closely monitoring negotiations aimed at ending the conflict in Ukraine and the escalating tensions between the United States and Venezuela, both of which could pose risks to global oil supply. Analysts at the company stated, "OPEC+ recognizes the fragile market sentiment, and any misstep could trigger a violent price response. Maintaining flexibility in decision-making rather than committing to new production paths allows OPEC+ to quickly react in case the situation worsens or geopolitical events unexpectedly lead to supply disruptions."