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Eight major oil-producing countries within the OPEC+ alliance have agreed to increase their oil production by 547,000 barrels per day (bpd) in September 2025, compared to August levels, according to an announcement made by the organization on Sunday.
The decision follows a virtual meeting to assess global market dynamics and economic conditions.
The group, consisting of Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, has been gradually reversing a 2.2 million bpd voluntary production cut that was introduced in April 2023.
This specific increase represents four months’ worth of scheduled monthly increments.
In a joint statement, the eight countries emphasized that the phase-out remains flexible and could be paused or reversed if market conditions change.
The decision to ease production cuts comes in line with a broader strategy set in December 2024, which called for a phased and flexible return of output starting in April 2025.
The statement also confirmed that the participating countries are committed to compensating for any overproduction since January 2024.
In line with the September production adjustment, the required output levels for each of the eight countries were outlined.
Saudi Arabia is set to lead production with 9,978,000 barrels per day (kbd), followed by Russia at 9,449 kbd and Iraq at 4,220 kbd.
Monthly meetings will continue to assess market conformity and the progress of compensation plans. The next OPEC+ ministerial session is scheduled for Sept. 7, 2025, when members will decide on the production levels for October.
As of the close of trading on Friday, Brent crude stood at $69.52 per barrel, while West Texas Intermediate (WTI) settled at $67.30. These price levels reflect current market perceptions shaped by demand trends, inventory levels, and geopolitical factors.
The OPEC+ alliance, a coalition of OPEC members and non-OPEC oil-producing nations, plays a key role in coordinating oil policy and stabilizing global markets through joint production decisions.
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