11:39 - 6.10.2025

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October 6, Fineko/abc.az. OPEC+ countries agreed to increase oil production by 137,000 b/d in November.

ABC.AZ reports with reference to OPEC that the largest growth, by 41,000 b/d, will account for Saudi Arabia and Russia.

It is noted that the decision to increase production was made amid stable global economic prospects and favorable market fundamentals.

"OPEC+ countries continue to closely monitor and evaluate market conditions. They confirmed the importance of adopting a precautionary approach and maintaining full flexibility to suspend or cancel additional voluntary production adjustments," the statement says.