OPEC+ extends production cuts to March 2026

04.02.2026

The OPEC+ alliance, which includes Rusia,Kazakhstan and Azerbaijan, decided to extend oil production cuts in March 2026, based on solid market fundamentals and a favorable global economic context.

During a virtual meeting held on February 1, 2026, Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed the pause in...