"OPEC+" Ministers Agree on Oil Production Quotas

A knowledgeable source has reported that the oil ministers of "OPEC+" countries have agreed to extend the deadline for assessing the production capacity of the oil alliance until November 2025. The source, in a conversation with TASS, indicated that this data will be used to agree on quotas for 2026. The source mentioned that the ministers of "OPEC+" countries have started discussing the additional plan for oil production. The ministerial meeting of the countries participating in the "OPEC+" agreement has begun in a mixed format. According to the source, some ministers are meeting in person in Riyadh, while others will join the meeting online. In the ministerial meeting, the alliance's ministers will discuss the future oil production plan. The source noted that the next meeting of "OPEC+" ministers will be held on December 1st.