OPEC+ Pauses Oil Production Hikes Amid Surplus Concerns

4. Impact of US Sanctions on Russia

• New US sanctions target Russian oil companies like Rosneft and Lukoil .

• The wind-down period ended on November 21, 2025 , raising concerns about potential supply disruptions .

• Analysts suggest OPEC+ could revisit production policy if Russian exports drop sharply.

5. Broader Commodity Trends

• Nickel (MCX Nov futures): Fell 1.89% to ₹1,288.50.

• Guargum (NCDEX Nov contracts): Gained 0.43% to ₹8,731.

• Turmeric (Dec futures): Down 0.97% to ₹14,532.

• Global commodity markets remain volatile amid trade shifts and energy market uncertainty heading into 2026.