OPEC+ Core Starts Online Meeting to Set February Output Plan
The group maintains a first‑quarter pause on production increases pending clear market signals.
Overview
- Russia, Saudi Arabia, Iraq, the UAE, Kazakhstan, Algeria, Oman and Kuwait are participating in the online session.
- Quotas for January through March remain at December 2025 levels, including 9.574 million b/d for Russia and 10.103 million b/d for Saudi Arabia.
- Experts cited by TASS say the pause is unlikely to be lifted today without clear tightening signs such as sharp inventory draws or a price spike.
- Analysts surveyed by RIA Novosti still forecast a measured OPEC+ supply increase in 2026 of roughly 0.5–1.2 million barrels per day.
- The eight fully exited 2.2 million b/d voluntary cuts by September 2025 and raised limits by about 137,000 b/d each month in October through December.