A coalition of eight OPEC+ countries agreed on Sunday to a modest oil production increase of 137,000 barrels per day (bpd) for December 2025, reflecting a carefully calibrated response to current market conditions. The decision was made during a virtual meeting on November 2.
The participating nations—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—confirmed that the adjustment is a partial rollback of the 1.65 million bpd in additional voluntary cuts announced in April 2023. This move comes amid steady global economic growth and low oil inventories.
Following the December increase, the group will pause any further production increments through January, February, and March 2026. This temporary halt is intended to address seasonal market factors and maintain stability in global oil supply.
In a joint statement, the countries emphasized their commitment to market stability and retained full flexibility to manage production levels. They stated they may reinstate the 1.65 million bpd adjustment, either partially or fully, depending on evolving market dynamics. The members also reaffirmed their intention to manage the 2.2 million bpd voluntary adjustment announced in November 2023 with the same flexibility.
The coalition also highlighted that this measure would help accelerate compensation for any previous overproduction since January 2024. All members reiterated their collective goal of achieving full conformity with the Declaration of Cooperation, with progress monitored by the Joint Ministerial Monitoring Committee (JMMC).
The eight OPEC+ countries are scheduled to hold their next meeting on November 30 to review market conditions and compliance.
