"OPEC+" is heading towards approving a slight increase in December production
November 1, 2025348 ViewsRead Time: 2 minutes
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Informed sources have suggested that the member countries of the "OPEC+" alliance are likely to approve an increase in oil production for the month of December during their upcoming meeting next Sunday, as part of the gradual increase approach that the group is adopting to gradually regain its market share.
Since April, the alliance has raised production targets by more than 2.7 million barrels per day, equivalent to about 2.5% of global supplies, but the pace of increases has been reduced during October and November 2025 to about 137,000 barrels per day only, amid expectations of a surplus in supply.
According to the sources, it is expected that eight countries in the alliance, including Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Oman, Kazakhstan, and Algeria, will agree to a similar increase of about 137,000 barrels per day for December.
However, another source emphasized that the option to halt production increases remains on the table, especially given the complications arising from recent Western sanctions on Russia, which adds more sensitivity to the supply balance.
The developments come amid price pressures, as crude fell last month to its lowest level in five months, recording about $60 per barrel on October 20, before recovering some of its losses and rising close to $65, supported by hopes of easing trade tensions between China and the United States, and the impact of new U.S. sanctions on Moscow.
Since April, the alliance has raised production targets by more than 2.7 million barrels per day, equivalent to about 2.5% of global supplies, but the pace of increases has been reduced during October and November 2025 to about 137,000 barrels per day only, amid expectations of a surplus in supply.
According to the sources, it is expected that eight countries in the alliance, including Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Oman, Kazakhstan, and Algeria, will agree to a similar increase of about 137,000 barrels per day for December.
However, another source emphasized that the option to halt production increases remains on the table, especially given the complications arising from recent Western sanctions on Russia, which adds more sensitivity to the supply balance.
The developments come amid price pressures, as crude fell last month to its lowest level in five months, recording about $60 per barrel on October 20, before recovering some of its losses and rising close to $65, supported by hopes of easing trade tensions between China and the United States, and the impact of new U.S. sanctions on Moscow.
