MOSCOW, November 11. /TASS/. Seven OPEC+ countries that are voluntarily cutting oil production produced 28.181 million barrels per day (bpd) in October 2026, an increase of 1.976 million bpd compared to September, according to a report by the Organization of the Petroleum Exporting Countries (OPEC).

Under the agreement, the seven nations were expected to maintain oil production at the previous month's level. OPEC+ nations had also previously extended the window for compensating for earlier overproduction until the end of 2026, though an updated schedule has not yet been released; the previous schedule had set the end of the compensation period for June 2026. The quota for the seven OPEC+ producers in October – excluding compensation adjustments – was 31.01 million bpd. Consequently, in October, the group’s output fell 2.829 million bpd short of this target.

Among the seven countries, Saudi Arabia saw the largest increase in oil production in October, raising its output by 1.182 million bpd to 9.194 million bpd.

Furthermore, among the seven OPEC+ nations, Iraq increased its oil production in October by 496,000 barrels per day (bpd) to 4.491 million bpd, Kuwait by 232,000 bpd to 1.998 million bpd, Kazakhstan by 34,000 bpd to 1.887 million bpd, and Russia by 41,000 bpd to 8.668 million bpd. Meanwhile, oil production in Algeria fell by 2,000 bpd to 1.002 million bpd, and in Oman, it declined by 8,000 bpd to 941,000 bpd.