Dyukov commented to journalists on the current decisions regarding the increase in oil production within ‘OPEC+’: ‘In the summer, global oil consumption increases, and if we talk about Asia, in principle, consumption there continues to rise in the fall.’ He added, ‘Moreover, we see that a number of countries, including China, are currently replenishing their strategic oil reserves, so there is demand for oil.’
Members of the ‘OPEC Plus’ alliance decided during a meeting held today, Sunday, to raise the maximum oil production limit in October by 137,000 barrels per day compared to the production level in September, as announced by the ‘OPEC’ organization.
The statement mentioned that ‘the eight participating countries decided to adjust production by 137,000 barrels per day out of the 1.65 million barrels per day announced in April 2023. This adjustment will be implemented in October 2025.
