The OPEC+ alliance increased oil production by 1.9 million barrels in October.
OPEC+ increased oil production. The growth leaders were three producers from the Persian Gulf. Russia managed to increase oil production by 40 thousand barrels per day.
In October 2026, the participants in the OPEC+ deal managed to increase oil production by 1.94 million barrels per day. According to a November OPEC report, seven countries with voluntary restrictions increased their rates, but still fell behind on quotas.
Of the seven OPEC+ countries, production increased the most:.
Saudi Arabia - by 1.182 million barrels per day, to 9.194 million barrels per day.
Iraq - by 496 thousand barrels per day, up to 4.491 million barrels per day.
Kuwait - 232 thousand barrels per day, up to 1.998 million barrels per day.
Kazakhstan - by 34 thousand barrels per day, up to 1.887 million barrels per day.
Last month, Russia also expanded oil production compared to September - by 41 thousand barrels per day, to 8.668 million barrels per day. Russia's quota (including voluntary restrictions) is 9.949 million barrels per day. Therefore, the actual production turned out to be 1.281 million barrels per day. The following is planned.
Oil and capital.