Up until the end of 2025, the OPEC+ group resolved to continue the production cuts as per the cooperation statement.
According to a statement, the total crude oil output level for OPEC members and non-OPEC nations taking part in the declaration would be extended from January 1, 2025, until December 31, 2025.
The three impartial sources extended the review period till the end of November 2025. Production levels for 2026 will be determined using this study as a guide.
The group increased UAE goal output by 300,000 barrels per day to 3.519 million bpd and agreed the target production levels for 2025 at 39.725 million barrels per day, before implementing any voluntary reductions determined by each country.