OPEC+ Countries Raised Oil Output by 2.31 Million Barrels per Day in September but Missed Targets

The voluntary production target for OPEC+ countries that have limited oil output stood at 34.45 million barrels per day in September.

Moscow, October 14. /TASS/. According to the International Energy Agency (IEA), OPEC+ countries participating in the September 2026 oil production cut agreement increased their output by 2.31 million barrels per day, but were still significantly short of their targets.

The target level for OPEC+ countries, which voluntarily cut oil production, was 34.45 million bpd in September, compared with actual production of 29.03 million bpd, according to IEA data. Thus, production fell short of the target of around 5.42 million barrels per day.

According to the International Energy Agency, in September, among the seven key OPEC+ countries, Kuwait cut production by 550,000 bpd, Iraq increased production by 520,000 bpd, Saudi Arabia by 2.33 million bpd, Oman by 20,000 bpd and Russia by 70 bpd.

Meanwhile, Kazakhstan and Algeria kept their production levels unchanged from the previous month.

Total production across all OPEC+ countries rose by 2 million barrels per day in September to 34.8 million barrels per day.