OPEC+ Countries to Boost Oil Production by 137,000 Barrels per Day Starting December 2025

OPEC+ announced that eight member countries will increase crude oil production by 137,000 barrels per day starting December 2025, with Algeria contributing an additional 4,000 barrels per day.

Following a ministerial meeting held via videoconference, the eight OPEC+ countries involved in voluntary crude oil adjustments decided to slightly raise production amid a stable global economic outlook and solid market fundamentals.

According to the OPEC+ communiqué, “the adjustment of 137,000 barrels per day out of the 1.65 million barrels per day of voluntary cuts announced in April 2023 will take effect in December 2025.” The group emphasized that oil inventories remain low, supporting the decision.

However, the increase will be suspended during January, February, and March 2026 due to seasonal demand variations. The eight countries reaffirmed that the 1.65 million barrels per day could be gradually reinstated based on market conditions. They highlighted the importance of maintaining flexibility to suspend or cancel voluntary adjustments, including the 2.2 million barrels per day decided in November 2023.

OPEC+ also stressed that this measure would help accelerate compensation for overproduction and ensure full compliance with the Declaration of Cooperation. The countries committed to addressing any excess output produced since January 2024 and to closely monitor compliance through monthly reviews.

The next OPEC+ ministerial meeting is scheduled for November 30, 2025. The countries involved are Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman.

With this cautious production increase, OPEC+ aims to balance market stability and economic growth while maintaining readiness to adjust output in response to changing market conditions.