# Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production

> Eight OPEC+ countries met virtually on 2 November 2025 and agreed to raise production by 137,000 bpd in December 2025 from the 1.65 million bpd voluntary adjustment. They also paused further increments for January through March 2026 due to seasonality.

- Date: 2025-11-02 · published 2025-11-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21871-saudi-arabia-russia-iraq-uae-kuwait-kazakhstan-algeria-and-oman-reaffirm
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The pause in output hikes for early 2026 limits supply growth, providing some support to crude prices despite expected seasonal weakness. Lower crude supports lower energy costs for feed processors, but the effect is modest.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-10-01 | [Saudi Arabia crude oil production outage affects global crude oil and gasoline prices](https://feedsoft.ai/events/57236-saudi-arabia-crude-oil-production-outage-affects-global-crude-oil-and-gasoline.md) | -3.3% | +0.2% |
| BRENT | 2026-03-01 | [How the attack on Iran could impact the global oil market and economy](https://feedsoft.ai/events/20773-how-the-attack-on-iran-could-impact-the-global-oil-market-and-economy.md) | +31.0% | +62.6% |
| BRENT | 2020-04-09 | [Saudi Arabia and Russia end their oil-price war with output cut agreement](https://feedsoft.ai/events/53548-saudi-arabia-and-russia-end-their-oil-price-war-with-output-cut-agreement.md) | -20.8% | -7.2% |
| BRENT | 2026-07-23 | [Global oil tops $100, settles at 2-month high after Houthis strike Saudi tankers and Trump threatens ‘military punishment’ on Iran - MarketWatch](https://feedsoft.ai/events/9928-global-oil-tops-100-settles-at-2-month-high-after-houthis-strike-saudi-tankers.md) | -9.5% | -7.3% |
| BRENT | 2018-11-30 | [OPEC Advisory Committee Said to Recommend Oil Production Cut - Bloomberg](https://feedsoft.ai/events/61942-opec-advisory-committee-said-to-recommend-oil-production-cut-bloomberg.md) | +0.1% | -12.8% |
| WTI | 2019-10-01 | [Saudi Arabia crude oil production outage affects global crude oil and gasoline prices](https://feedsoft.ai/events/57236-saudi-arabia-crude-oil-production-outage-affects-global-crude-oil-and-gasoline.md) | -2.5% | +2.9% |
| WTI | 2026-03-01 | [How the attack on Iran could impact the global oil market and economy](https://feedsoft.ai/events/20773-how-the-attack-on-iran-could-impact-the-global-oil-market-and-economy.md) | +35.6% | +50.4% |
| WTI | 2020-04-09 | [Saudi Arabia and Russia end their oil-price war with output cut agreement](https://feedsoft.ai/events/53548-saudi-arabia-and-russia-end-their-oil-price-war-with-output-cut-agreement.md) | -20.7% | -1.1% |

## Sources

- moenergy.gov.sa: https://www.moenergy.gov.sa/en/media-center/news/opec-members-reaffirm-commitment-to-maintaining-oil-market-stability

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.