The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed to a modest oil production increase of 137,000 barrels per day for November, following a consensus between Saudi Arabia and Russia, two of the group’s most influential members.
OPEC+ recently agreed to expedite the release of an additional oil output, continuing its strategy of focusing on market share ahead of pricing.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known collectively as OPEC+, have agreed in principle to raise oil production by an additional 137,000 barrels per day (bpd) in October 2025, according to Bloomberg.
