Eight OPEC+ members, including Saudi Arabia and Russia, announce coordinated 137,000 bpd reduction to stabilize global energy markets
In a move aimed at supporting global energy stability, eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — have agreed to implement a fresh round of oil production cuts beginning in October 2025.
The adjustment will see a collective reduction of 137,000 barrels per day (bpd), building on existing voluntary curbs designed to balance supply and demand in a volatile energy market.
The decision underscores OPEC+’s continued strategy of coordinated supply management to safeguard oil prices amid shifting global demand and economic uncertainties. Analysts note that while the scale of the cuts is modest compared to earlier reductions, the move signals a unified approach by key producers to prevent oversupply and preserve market stability.
Saudi Arabia and Russia, the two largest members of OPEC+, remain central to these efforts, while the involvement of regional partners such as the UAE, Kuwait, and Oman reinforces the Gulf states’ commitment to supporting energy market equilibrium.
Industry observers say the cuts are likely to have a measured but steady impact on oil prices, particularly as demand outlooks for late 2025 remain sensitive to global economic conditions, energy transition policies, and geopolitical risks.
With this latest agreement, OPEC+ continues to demonstrate its readiness to intervene collectively, ensuring that production aligns with broader market realities and long-term energy strategies.
