The eight member states of the “OPEC Plus” group, which incorporates the Kingdom of Saudi Arabia, Russia, Iraq, the Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which had beforehand introduced extra voluntary amendments within the months of April and November of 2023 AD, held a gathering, through video convention, on November 30, 2025 AD, to assessment developments within the petroleum market and its future prospects.
As reported by the Saudi Press Company, the eight taking part nations reaffirmed their resolution on November 2, 2025, to droop will increase in manufacturing throughout the months of January, February, and March of 2026, attributable to seasonal components, as proven within the desk beneath.
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Required manufacturing – one thousand barrels
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State
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Month-to-month manufacturing for the primary quarter of 2026
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Saudi Arabia
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10103
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Russia
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9574
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Iraq
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4273
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The UAE
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3411
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Kuwait
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2580
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Kazakhstan
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1569
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Oman
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811
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The eight taking part nations additionally reaffirmed that the discount quantities amounting to 1.65 million barrels per day could also be restored partially or utterly, progressively, in line with market variables, and the taking part nations will proceed to fastidiously monitor and consider market circumstances, and as a part of their persevering with efforts to assist market stability, the eight nations reaffirmed the significance of adopting a cautious strategy and sustaining full flexibility to proceed to cease or reverse extra voluntary manufacturing changes, together with the earlier voluntary manufacturing changes amounting to 2.2 million barrels per day that had been introduced in November 2023.
The eight nations renewed their dedication to the Declaration of Cooperation, together with extra voluntary amendments whose compliance might be monitored by the Joint Ministerial Oversight Committee. The nations additionally confirmed their intention to compensate for all extra manufacturing portions since January 2024.
The eight nations will maintain month-to-month conferences to comply with up on market developments, the extent of dedication, and the implementation of compensation plans, with the subsequent assembly to be held on January 4.
