OPEC+ Raises Production for December, Halts Increase Until March 2026
Photo: ChatGPT AI Generated
In April 2023, OPEC+ countries agreed to cap daily oil production at 1.65 million barrels. On November 2, the alliance decided to temporarily raise output by 137,000 barrels per day in December, Orda.kz reports.
The increase will be short-lived — members confirmed they will suspend further production growth from January through March 2026 due to weak seasonal demand.
The participating nations — including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — emphasized that they could revert to the 1.65-million-barrel limit, either partially or in full, depending on market conditions.
"Eight OPEC+ countries have confirmed their intention to fully offset any excess production from January 2024," the organization said on its website.
The decision comes amid heightened pressure on Russia following new U.S. sanctions on two of its largest oil producers.
The next OPEC+ meeting is scheduled for November 30, 2025.
Earlier, Orda.kz reported that OPEC had demanded further oil output cuts from Kazakhstan.
Original Author: Oksana Matvienko
Latest news
- Director Rustem Omarov’s Instagram Unblocked After “Offside” Controversy
- Bloomberg: Chinese Refiners Scale Back Russian Oil Purchases Following New U.S. Sanctions
- Petition Calls for Transparent Investigation into Death of Aishat Baymurodova
- Renovation of Almaty’s Historic Fire Station No. 5 Sparks Public Concern
- Officials and Contractor Convicted Over Failure of Almaty Earthquake Warning System
- Trump Says He Is Not Considering Supplying Tomahawk Missiles to Ukraine
- Former Managers of “Taza Oskemen” Suspected of Embezzling
- Kyrgyzstan: Photo with Crime Boss Prevented Ilyas Amangaziev from Running for Parliament
- Turkish Refineries Cut Russian Oil Purchases
- A Year Later, Oskemen Resident Was Approved to Hold a Rally Against the Time Change
- Uzbekistan to Impose Fines for Misuse of Artificial Intelligence
- OPEC+ Raises Production for December, Halts Increase Until March 2026
- Author of Telegram Channel Linked to VChK-OGPU Reportedly Detained in St. Petersburg — BBC
- Debate Over Language of Instruction at Almaty’s School No. 224 Continues
- Bulgaria Suspends Fuel Exports to the EU Amid Sanctions on Lukoil
- U.S. State Department Backs Repeal of Caesar Act Sanctions on Syria
- Telegram Blocks VChK-OGPU Channel
- Pentagon Green-lights Tomahawk Missile Deliveries to Ukraine — Final Decision Rests With Trump
- Kazakhstan: Development Bank Announces Program to Develop Rare Earth Metals Industry
- Oral Woman Learns Her Missing Husband Died Fighting for Russia in Ukraine
