OPEC+ V8's Output Pause Set to Lift Oil Sentiment— China's Response Holds the Key A Short Comment

(with one table and one chart)

The OPEC+ V8 met yesterday for 14 minutes and decided to unwind 137 kb/d in December from the 1.6 mb/d voluntary cuts agreed in April 2023. However, the group decided to pause unwinding the rest of the 1.6 mb/d in the first quarter of 2026.

“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in low oil inventories, the eight participating countries decided to implement a production adjustment of 137 thousand barrels per day from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023. This adjustment will be implemented in December 2025.”

Beyond December, due to seasonality, the eight countries also decided to pause the production increments in January, February, and March 2026 as detailed in the table below,” the group said in its press release.

They also set the quota for each member until the end of March as follows:

Here is a link to the press release:

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production

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