https://sputnikglobe.com/20250803/eight-opec-nations-to-boost-oil-output-by-528k-bpd-in-september-1122547730.html
Eight OPEC+ Nations to Boost Oil Output by 528K Bpd in September
Eight OPEC+ Nations to Boost Oil Output by 528K Bpd in September
Sputnik International
The eight OPEC+ nations will increase their maximum oil output by 528,000 barrels per day (bpd) in September, taking into account their compensation plan, data released by the OPEC on Sunday shows.
2025-08-03T14:20+0000
2025-08-03T14:20+0000
2025-08-03T14:20+0000
world
opec
russia
saudi arabia
business
https://cdn1.img.sputnikglobe.com/img/07e6/01/1a/1092527755_0:82:2917:1723_1920x0_80_0_0_54fc667f84bedbde43b4b50e1ea706ae.jpg
Russia, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman have voluntary obligations additional to quotas. An additional 2.2 million bpd cut has been gradually phased out starting April 1. Russia will increase oil output to 9.449 million barrels per day, Saudi Arabia to 9.978 million, Iraq to 4.22 million, the UAE to 3.375 million, Kuwait to 2.548 million and Kazakhstan to 1.55 million. This targets do not reflect the compensation mechanism. The eight met virtually on Sunday to review global market conditions and outlook. They also agreed to hold monthly meetings to review market conditions, conformity, and compensation. The next meeting is scheduled for September 7.
https://sputnikglobe.com/20241113/putin-and-saudi-crown-prince-discuss-opec-cooperation-and-palestinian-israeli-conflict-1120879445.html
russia
saudi arabia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
oil output growth, oil production, opec, oil economy, hydrocarbon economy
oil output growth, oil production, opec, oil economy, hydrocarbon economy
Eight OPEC+ Nations to Boost Oil Output by 528K Bpd in September
MOSCOW (Sputnik) - The eight OPEC+ nations will increase their maximum oil output by 528,000 barrels per day (bpd) in September, taking into account their compensation plan, data released by the OPEC on Sunday shows.
"The eight participating countries will implement a production adjustment of 547 thousand barrels per day in September 2025 from August 2025 required production level," the OPEC said in a statement, which did not account for the compensation scheme.
Russia, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman have voluntary obligations additional to quotas. An additional 2.2 million bpd cut has been gradually phased out starting April 1.
13 November 2024, 14:52 GMT
Russia will increase oil output to 9.449 million barrels per day, Saudi Arabia to 9.978 million, Iraq to 4.22 million, the UAE to 3.375 million, Kuwait to 2.548 million and Kazakhstan to 1.55 million. This targets do not reflect the compensation mechanism.
The eight met virtually on Sunday to review
global market conditions and outlook. They also agreed to hold monthly meetings to review market conditions, conformity, and compensation. The next meeting is scheduled for September 7.
