OPEC+ Policies of Oil Output Hikes & Cuts

published:03/12/2025 01:46 GMT

OPEC+, which pumps about half the world's oil, has paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025. The group still has about 3.24 million bpd of output cuts in place, representing around 3% of global demand. Below is a summary of policies from the Organization of the Petroleum Exporting Countries and allies, known as OPEC+: THREE STAGES OF CUTS The group's total output cuts peaked at 5.85 million bpd in...More