OPEC+ Nations Adjust Production for December
Eight key OPEC+ countries, including Saudi Arabia, have announced a production adjustment of 137,000 barrels per day (bpd), set to take effect in December 2025. The decision was reached during a virtual meeting held on November 2, 2025, where participating nations reviewed global market conditions and the economic outlook. This move is part of the ongoing efforts to ensure market stability amidst a steady global economic outlook and healthy market fundamentals, characterized by low oil inventories.
Details of the Adjustment and Participating Countries
The adjustment of 137,000 bpd for December 2025 is drawn from the 1.65 million bpd of additional voluntary adjustments initially announced in April 2023. The eight nations participating in this coordinated effort are:
- Saudi Arabia
- Russia
- Iraq
- United Arab Emirates (UAE)
- Kuwait
- Kazakhstan
- Algeria
- Oman
Commitment to Market Stability and Future Outlook
Beyond December 2025, the eight countries have also decided to pause production increments during January, February, and March 2026. This pause is attributed to seasonal factors that typically influence oil demand at the beginning of the year, aiming to prevent market imbalances. The participating nations reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation, including all additional voluntary production adjustments. They also confirmed their intention to fully compensate for any overproduced volumes since January 2024. The countries will continue to closely monitor and assess market conditions, reaffirming the importance of a cautious approach and maintaining full flexibility to pause or reverse adjustments, including the previously implemented voluntary adjustments of 2.2 million bpd announced in November 2023. Monthly meetings will be held to review market conditions, conformity, and compensation, with the next meeting scheduled for November 30, 2025.
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