DUBAI/LONDON (Reuters) - OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group’s members. The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output targets by around 2.9 million barrels per day in 2025, equal to almost 3% of world oil demand, to regain market share. Russian President Vladimir Putin (L) and OPEC Secretary-General Haitham al-Ghais shake hands during their meeting on the sidelines of the St. Petersburg International Economic Forum in the Konstantin palace outside St. Petersburg, Russia, on June 20, 2025.
Author: REUTERS
Published at: 2026-01-04 22:46:38
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