MOSCOW, November 11. /TASS/. Russia increased its oil production by 41,000 barrels per day (bpd) in October 2026 compared with September, reaching 8.668 mln bpd, according to a report by the Organization of the Petroleum Exporting Countries (OPEC).
Russia’s oil production quota under the OPEC+ agreement stood at 9.949 mln bpd in October, taking into account voluntary restrictions. Thus, Russia’s oil output that month was 1.281 mln bpd below its quota.
Oil production in Russia is currently restricted under the OPEC+ agreement. From the beginning of 2024 through March 2025, Russia’s baseline production quota, including voluntary restrictions, stood at 8.978 mln bpd. This figure did not take into account obligations to compensate for excess production during the period of voluntary restrictions.
In April 2025, Russia began increasing oil production in accordance with the OPEC+ plan, with output gradually rising each month. In September 2025, OPEC+ countries completed the phaseout of voluntary cuts totaling 2.2 mln bpd, a year ahead of schedule, and began unwinding another 1.65 mln bpd in cuts, gradually bringing the withheld volumes back to the market. In September 2026, these countries completed the restoration of those volumes to the market. Previously approved quotas without additional restrictions will now remain in effect for all OPEC+ countries through the end of the year, with Russia’s quota set at 9.949 mln bpd.