MOSCOW, October 14. /TASS/. OPEC+ countries participating in the oil production restraint agreement increased output by 2.31 million barrels per day (bpd) in September 2026, yet still fell significantly short of their targets, according to the International Energy Agency (IEA).
According to IEA data, the target level for OPEC+ countries voluntarily limiting oil production was 34.45 million bpd in September, while actual output stood at 29.03 million bpd. Thus, the underproduction relative to the target amounted to approximately 5.42 million bpd.
In September, according to the IEA, among seven key OPEC+ nations, Kuwait cut production by 550,000 bpd, Iraq increased it by 520,000 bpd, Saudi Arabia raised output by 2.33 million bpd, Oman increased it by 20,000 bpd, and Russia increased it by 70,000 bpd.
Meanwhile, Kazakhstan and Algeria kept production levels unchanged from the previous month.
Total production across all OPEC+ nations rose by 2 million bpd in September, reaching 34.8 million bpd.