Friday, October 3, 2025
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oil production
Oil production related news updates
OPEC+ to increase oil production from October, prioritizing protecting market share
OPEC+ decided to increase oil production by 137,000 barrels/day from October 2025, signaling a shift to protecting market share.
Market
8 OPEC+ countries plan to increase oil production
At a meeting on August 3, eight OPEC+ countries planned to increase oil production to 548,000 barrels per day.
US Newspaper: Russia and Saudi Arabia's strategy to reduce oil production has achieved high results
(Baonghean.vn) - The Wall Street Journal reported that by reducing the supply of "black gold", Russia and Saudi Arabia - the world's leading oil exporters, have significantly increased their sales revenue.
President Trump: OPEC+ countries close to agreement to reduce oil production
(Baonghean.vn) - US President Donald Trump said he had a "very good conversation" with Russian President Vladimir Putin and King Salman of Saudi Arabia. The discussion aimed to find a solution to normalize cooperation in the energy industry. According to the US leader, OPEC+ countries are close to reaching an agreement on oil production to stabilize prices.
US and North Korea agree to return to talks; Russia and Saudi Arabia discuss oil behind OPEC's back
(Baonghean.vn) - The US and North Korea agreed to return to negotiations after a historic meeting at the DMZ; Russia and Saudi Arabia discussed oil behind OPEC's back; West Africa's common currency is about to be put into circulation; Indonesia's Election Commission officially announced Mr. Joko Widodo as President... are the world's outstanding news in the past 24 hours.
OPEC decided to maintain oil production at 30 million barrels/day
On November 27, the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain production at 30 million barrels per day despite the supply surplus and oil prices having fallen by about a third in recent months.
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