# 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 5 October 2025 and agreed to raise production by 137,000 barrels per day in November, from the 1.65 million bpd tranche. They said the move reflected a steady global economic outlook and low oil inventories, and that the cuts could be paused or reversed.

- Date: 2025-10-05 · published 2025-10-05T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22301-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 increase adds modest supply to a market that analysts expect to move into surplus, which is bearish for crude prices. Its small size limits the price impact compared with what the market had feared.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-05-03 | [Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and adjust production upward](https://feedsoft.ai/events/24601-saudi-arabia-russia-iraq-uae-kuwait-kazakhstan-algeria-and-oman-reaffirm.md) | +4.3% | +6.8% |
| BRENT | 2026-03-01 | [Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/20078-saudi-arabia-russia-iraq-uae-kuwait-kazakhstan-algeria-and-oman-adjust.md) | +31.0% | +62.6% |
| BRENT | 2021-07-18 | [Oil producers reach deal on output, ending UAE-Saudi standoff \| OPEC News \| Al Jazeera](https://feedsoft.ai/events/45988-oil-producers-reach-deal-on-output-ending-uae-saudi-standoff-opec-news-al.md) | +0.6% | -4.4% |
| BRENT | 2018-07-03 | [Saudi, Russia Reaffirm OPEC Deal of Million-Barrel Oil Boost - Bloomberg](https://feedsoft.ai/events/63952-saudi-russia-reaffirm-opec-deal-of-million-barrel-oil-boost-bloomberg.md) | +0.7% | -2.6% |
| BRENT | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -3.5% | -5.4% |
| WTI | 2025-05-03 | [Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and adjust production upward](https://feedsoft.ai/events/24601-saudi-arabia-russia-iraq-uae-kuwait-kazakhstan-algeria-and-oman-reaffirm.md) | +4.6% | +6.4% |
| WTI | 2026-03-01 | [Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman Adjust Production and Reaffirm Commitment to Market Stability](https://feedsoft.ai/events/20078-saudi-arabia-russia-iraq-uae-kuwait-kazakhstan-algeria-and-oman-adjust.md) | +35.6% | +50.4% |
| WTI | 2021-07-18 | [Oil producers reach deal on output, ending UAE-Saudi standoff \| OPEC News \| Al Jazeera](https://feedsoft.ai/events/45988-oil-producers-reach-deal-on-output-ending-uae-saudi-standoff-opec-news-al.md) | +0.6% | -4.7% |

## Sources

- moenergy.gov.sa: https://www.moenergy.gov.sa/en/media-center/news/opec-commits-to-market-stability-and-production-adjustments-for-november

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