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 … Continue reading Saudi, UAE, Kuwait, Oman and OPEC+ Countries Agree to Oil Cuts Starting October 2025