Core Viewpoint - OPEC and eight major oil-producing countries have decided to maintain an increase in oil production in December, with an average daily increase of 137,000 barrels, but will pause the increase plan in the first three months of 2026 [1][2]. Group 1: Production Adjustments - The eight countries involved are Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, which held an online meeting to discuss the international oil market situation and outlook [1]. - The decision to adjust production in December is a response to previous voluntary production cuts, with the aim of stabilizing the oil market based on current global economic expectations and low oil inventory levels [1][2]. - Due to seasonal factors, these countries will maintain production levels in January, February, and March 2026 at the same rate as December 2025 [1]. Group 2: Historical Production Changes - In April 2023, the eight countries announced a voluntary production cut of approximately 1.65 million barrels per day, followed by an additional voluntary cut of 2.2 million barrels per day in November 2023, with multiple extensions of these cuts [2]. - During this period, oil production in the U.S. and Canada increased, resulting in OPEC losing some market share [2]. - From April 1, 2023, the eight countries decided to gradually increase oil production, with daily increases of 411,000 barrels in May, 548,000 barrels in June, 547,000 barrels in September, and 137,000 barrels in October and November [2].
主要产油国宣布明年初暂停增产
Xin Hua Wang·2025-11-03 03:02