"OPEC+" adjusts oil production in October and adds 137,000 barrels per day

The "OPEC+" group announced today, Sunday, an adjustment to oil production for the upcoming month of October with an increase of 137,000 barrels per day, in a move based on the relative stability of global economic forecasts and market conditions.

The official statement indicated that this increase comes after a decline in oil inventories, and OPEC+ countries will continue monthly meetings to review market conditions and ensure compliance with production plans and compensations, with the next meeting scheduled for October 5, 2025.