OPEC+ Keeps Oil Production Quotas Steady Ahead of Next Meeting

OPEC+ countries have decided to maintain oil production volumes in March at the same levels as December 2025. This decision was made during a meeting on February 1, according to Izvestia reports.

The quotas for each country are as follows: Russia will produce 9,574 million barrels per day, Saudi Arabia - 10,103 million barrels per day, Iraq - 4,273 million, the UAE - 3,411 million, Kuwait - 2.58 million, Kazakhstan - 1,569 million, Algeria - 971 thousand, and Oman - 811 thousand barrels per day.

Kazakhstan will face the largest additional production cuts relative to its established quota. In December and January, production in the country declined due to external factors, including restrictions on exports through the Caspian Pipeline Consortium (CPC) and an accident at a power facility in the Tengiz field.