A statement posted on OPEC’s website on December 5 highlighted that OPEC+’s required production level for 2025 and 2026 is 39.725 million barrels per day. That statement pointed out that the required production level for Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman “is before applying any additional production adjustments”. It also noted that UAE required production has been increased by 300,000 barrels per day and added that this increase will be phased in gradually starting April 2025 until the end of September 2026.
