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OPEC+ Boosts 2025 Output Target Amid Supply Concerns

11/2/2025

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Summary

Story summary

OPEC+ (Organization of the Petroleum Exporting Countries and its allied producers) raised its December 2025 output target by 137,000 barrels per day.
The move comes amid concerns of a supply glut and Western sanctions on Russia, which constrain Moscow's ability to raise production.
Since April 2025, OPEC+ has raised targets by over 2.7 million barrels per day.
The group plans to pause further increases from January through March 2026.

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Story summary

OPEC+ (Organization of the Petroleum Exporting Countries and its allied producers) raised its December 2025 output target by 137,000 barrels per day.
The move comes amid concerns of a supply glut and Western sanctions on Russia, which constrain Moscow's ability to raise production.
Since April 2025, OPEC+ has raised targets by over 2.7 million barrels per day.
The group plans to pause further increases from January through March 2026.