Logo of OPEC
This adjustment will be implemented in November 2025. 
The move comes in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, according to a statement by the oil organization.
The 1.65 million barrels per day may be returned in part or in full subject to evolving market conditions and in a gradual manner. The countries will continue to closely monitor and assess market conditions, it added.
As part of their continuous efforts to support market stability, OPEC countries reaffirmed the importance of adopting a cautious approach and retaining full flexibility to pause or reverse the additional voluntary production adjustments, including the previously implemented voluntary adjustments of the 2.2 million barrels per day announced in November 2023.
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. They reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that will be monitored by the Joint Ministerial Monitoring Committee (JMMC).
They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 2 November 2025, according to the statement.
Details of Oil Output for November 2025 (‘000 bpd)
Country
Output Increase
Required Production
Saudi Arabia
41
10061
Russia
41
9532
Iraq
18
4255
UAE
12
3399
Kuwait
10
2569
Kazakhstan
7
1563
Algeria
4
967
Oman
4
808
Total
137
—
Logo of OPEC
This adjustment will be implemented in November 2025.
The move comes in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, according to a statement by the oil organization.
The 1.65 million barrels per day may be returned in part or in full subject to evolving market conditions and in a gradual manner. The countries will continue to closely monitor and assess market conditions, it added.
As part of their continuous efforts to support market stability, OPEC countries reaffirmed the importance of adopting a cautious approach and retaining full flexibility to pause or reverse the additional voluntary production adjustments, including the previously implemented voluntary adjustments of the 2.2 million barrels per day announced in November 2023.
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. They reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that will be monitored by the Joint Ministerial Monitoring Committee (JMMC).
They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on 2 November 2025, according to the statement.
Details of Oil Output for November 2025 (‘000 bpd)
Country
Output Increase
Required Production
Saudi Arabia
41
10061
Russia
41
9532
Iraq
18
4255
UAE
12
3399
Kuwait
10
2569
Kazakhstan
7
1563
Algeria
4
967
Oman
4
808
Total
137
—
