OPEC+ Pauses Output Hikes for Feb and March


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- OPEC+ countries reconfirmed on Sunday (1/4) their 
decision to pause planned oil production increases in February and March, as 
announced on November 2, 2025.

   The move was attributed largely to seasonal factors and ongoing efforts to 
balance global supply and demand. 

   Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, 
Algeria, and Oman held a virtual meeting on Sunday to assess current market 
conditions and future outlooks.  

   During the meeting, the OPEC+ members maintained their commitment to market 
stability "based on steady global economic outlook and current healthy oil 
market fundamentals reflected in low inventories," according to the group 
statement.

   The OPEC+ members also reconfirmed that voluntarily curtailed production of 
1.65 million bpd could be gradually returned to the market, either partially or 
fully, depending on market condition developments. 

   Additionally, the group stated that production adjustments could be paused 
or reversed if necessary. This includes the continuation of earlier voluntary 
cuts totaling 2.2 million bpd that started in November 2023. 

   The eight countries agreed to continue holding monthly meetings to monitor 
market conditions. The next OPEC+ meeting is scheduled for February 1. 

    

                        Required Output ( Kbpd)
Country                 February                                    March
Algeria                 971                                         971
Iraq                    4,273                                       4,273
Kuwait                  2,580                                       2,580
Saudi Arabia            10,103                                      10,103
UAE                     3,411                                       3,411
Kazakhstan              1,569                                       1,569
Oman                    811                                         811
Russia                  9,574                                       9,574
Source: OPEC




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