Core Viewpoint - Major oil-producing countries have decided to maintain their production cut plans for the first three months of 2026, aiming to stabilize the oil market amid a relatively stable global economic outlook [1]. Group 1: Production Decisions - Eight major oil-producing countries, including Saudi Arabia, Russia, and Iraq, will keep their production levels unchanged from December 2025 during January, February, and March of 2026 [1]. - The decision to pause production increases is attributed to seasonal factors, with the countries agreeing to adjust their production pace flexibly based on market conditions [1]. Group 2: Previous Production Cuts - In April 2023, these 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 [1]. - These production cuts have been extended multiple times, but during this period, oil production in the U.S. and Canada has increased, resulting in OPEC losing some market share [1]. Group 3: Recent Production Increases - In March 2023, the eight countries decided to gradually increase oil production starting April 1, 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, November, and December [1].
沙特、俄罗斯等8国决定:继续暂停增产
Shang Hai Zheng Quan Bao·2025-11-30 23:06