The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, have decided to pause oil output increases in January, February and March 2026 due to seasonality, OPEC said in a statement on Sunday.
The decision followed a virtual meeting of member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, to review global market conditions and the economic outlook.
The statement said that the eight participating countries decided to pause production increments in January, February, and March 2026 due to seasonality.
The eight OPEC+ countries have been raising oil output month by month since April this year.
The statement said the countries will adopt a cautious approach and maintain full flexibility to adjust their outputs as needed.
The countries are scheduled to meet again on Jan. 4, 2026 to make further decisions, according to the organization.
OPEC+ to suspend oil output hike
OPEC+ to suspend oil output hike
OPEC+ to suspend oil output hike
The promo of China Media Group (CMG)'s 2026 Spring Festival Gala has been showcased at overseas Chinese New Year celebrations and city landmarks, bringing a vibrant festive atmosphere to locals and homesick Chinese people.
The Spring Festival, or the Chinese New Year, is the most important traditional holiday for Chinese people. It falls on Feb 17 this year, ushering in the Year of the Horse, the seventh animal in the 12-year Chinese zodiac cycle.
The gala's live broadcast on the eve of the festival has become a cherished part of the celebrations in hundreds of millions of homes.
The promotional video was featured at the "Icebreakers" Chinese New Year Dinner 2026 held in London, UK. The captivating audio-visual presentation showcased the unique charm of the Chinese New Year and the vigorous spirit of the Chinese people to attendees from both Chinese and British communities.
The promo was also displayed at the China-Cyprus Spring Festival Celebration Gala 2026 in Nicosia, conveying the theme of harmony and reunion that is celebrated during the Chinese New Year.
During the event, participants enjoyed splendid cultural performances including traditional opera, martial arts, acrobatics, songs and dances, as well as robot shows, and celebrated the profound friendship between the people of China and Cyprus.
Meanwhile, the promotional video for this grand gala has been played on screens across Dar es Salaam, the largest city in Tanzania. It has been continuously displayed since Saturday at the Julius Nyerere International Airport, the central business district, and outdoor billboards lining the streets, drawing local citizens and overseas Chinese in Tanzania.
"I'm really excited to watch the promotional video of the CMG's Spring Festival Gala in Tanzania. This time, I can't return home due to work reasons, but as a Chinese, I will still watch the Spring Festival Gala even if I'm in Africa as it is a must-do Chinese New Year celebration. Although I miss home, I won't feel lonely being able to watch the Spring Festival Gala with Chinese people all over the world," said Li Zhichong, a Chinese living in Tanzania.
CMG Spring Festival Gala promo shown in various countries
