The eight member states of a group "OPEC Plus" It reaffirms its commitment to the stability of the petroleum market
The eight member states of the & quot; OPEC Plus group, which includes the Kingdom of Saudi Arabia, Russia, Iraq, the Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional volunteer amendments in April and November of 2023 AD, a meeting, via visual contact, on July 5, 2025 AD to review the developments and prospects of the petroleum market Future. In production of (548) thousand barrels per day in the month of August 2025 AD compared to the level of production required in July 2025 AD, which is equivalent to four monthly increases, as shown in the attached table, as these increases are adjustable or temporary suspension, according to the market variables, which gives the group the flexibility necessary to support the stability of the market, as the eight members of the OPEC+ group indicated that this procedure will provide an opportunity For the participating countries to accelerate compensation efforts.
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& nbsp; Production since January 2024 AD
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& nbsp; the eight countries will hold monthly meetings to follow up on market developments, the level of commitment, and implement compensation plans, provided that the next meeting will be held on August 3, 2025 AD to take a decision on production levels for a month September.
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