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Saudi Arabia, other OPEC+ members reaffirm commitment to oil market stability
RIYADH: Saudi Arabia and seven other OPEC+ member countries that had previously announced voluntary additional production adjustments in April and November 2023 reaffirmed their decision to suspend production increases during the first three months of 2026 due to seasonal factors. At a Nov. 30 video meeting, OPEC+ members, including Russia, Iraq and the UAE, alongside Kuwait, Kazakhstan, Algeria, and Oman, reiterated that the 1.65 million-barrel-per-day voluntary cuts may be gradually eased or fully lifted, subject to market conditions.
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cnbc.com
OPEC+ holds 2026 group-wide oil output steady, agrees capacity mechanism
OPEC+ countries agreed to maintain group-wide oil output quotas for 2026 in a meeting on Sunday.
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tass.com
OPEC+ to take additional measures if need be — Russian deputy PM
Apart from that the eight OPEC+ leading nations, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, have agreed to pause…
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arabnews.com
Saudi Arabia, other OPEC+ members reaffirm commitment to oil market stability
RIYADH: Saudi Arabia and seven other OPEC+ member countries that had previously announced voluntary additional production adjustments in April and November 2023 reaffirmed their…