The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have agreed to increase oil production by 137,000 barrels per day (bpd) starting November 2025.
This decision was made during a virtual meeting on October 5, 2025, where the group reviewed global market conditions and outlook.
The move aims to maintain market stability amid steady global economic growth and low oil inventories. OPEC+ emphasized the importance of maintaining market stability and flexibility to pause or reverse output changes if necessary. According to the group, “In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, the eight participating countries decided to implement a production adjustment of 137,000 barrels per day from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023.”
The production increase is part of OPEC+’s efforts to balance market stability with regaining market share from competitors like US shale producers. Saudi Arabia, the world’s top crude exporter, would have preferred a larger output increase, but the group opted for a modest hike to avoid pressuring oil prices. Sources indicate that Saudi Arabia had wanted to raise output by 274,000 bpd, 411,000 bpd, or even 548,000 bpd, but ultimately agreed to the smaller increase.
OPEC+ countries have also confirmed their intention to fully compensate for any overproduced volume since January 2024. The group will hold monthly meetings to review market conditions, conformity, and compensation, with the next meeting scheduled for November 2, 2025.
The decision comes as the group seeks to manage the market’s volatility, with Brent crude trading below $65 per barrel. Analysts note that the oil market is walking a tightrope between maintaining stability and clawing back market share in a surplus environment. “OPEC+ stepped carefully after witnessing how nervous the market had become… The group is walking a tightrope between maintaining stability and clawing back market share in a surplus environment,” said Jorge Leon, analyst at Rystad Energy.
OPEC+ member countries include Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman. These countries will continue to closely monitor and assess market conditions, reaffirming their commitment to achieving full conformity with the Declaration of Cooperation.
