ONOMM OPEC and Non-OPEC Ministerial Meeting
OPEC+ Raises Production Caps Again: Concerns About the Stability of Maritime Routes and Energy Infrastructure
The OPEC+ oil alliance will increase its permitted oil production by an additional 188,000 barrels (159 liters each) per day starting in September 2026. Seven key member countries of the group—including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—made this decision at the beginning of August during a video conference. This marks the sixth consecutive increase in the production ceiling. At the same time, the OPEC+ Joint Ministerial Monitoring Committee (JMMC) convened for its 67th meeting.
August 2, 2026
OPEC+ Extends Production Cuts Until 2025
Representatives from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met in Riyadh on the sidelines of the 37th OPEC and Non-OPEC Ministerial Meeting (ONOMM). During the meeting, the participating countries decided to extend the existing production cuts until the end of 2025.
June 2, 2024
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