OPEC+ Countries Adjust Oil Production Amid Stable Market Outlook
VIENNA, 5th October, 2025 — The eight OPEC+ countries that previously announced additional voluntary adjustments in oil production—Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman—convened virtually on 5 October 2025 to review current global market conditions and forecasts.
Citing a steady global economic outlook and healthy market fundamentals—evidenced by low oil inventories—the participating nations agreed to implement a production adjustment of 137 thousand barrels per day, effective November 2025.
This decision forms part of the previously agreed 1.65 million barrels per day in additional voluntary adjustments introduced in April 2023.
“The 1.65 million barrels per day may be returned in part or in full subject to evolving market conditions and in a gradual manner,” the statement read.
The countries emphasized maintaining a cautious approach and full flexibility to pause or reverse these or prior adjustments, including the 2.2 million barrels per day announced in November 2023.
This measure aims to enable the group to accelerate its compensation mechanisms while reinforcing collective discipline.
The participating nations reaffirmed their commitment to full conformity with the Declaration of Cooperation (DoC), including voluntary adjustments monitored by the Joint Ministerial Monitoring Committee (JMMC). They also confirmed their intention to fully compensate for any overproduced volumes since January 2024.
To ensure transparency and responsiveness, the eight countries will continue to hold monthly meetings to review market conditions, conformity, and compensation progress.
Their next meeting is scheduled for 2 November 2025.
Team V.4-EM-UAE
