{
  "id": 6535123,
  "title": "S’Arabia, Russia to retain oil production levels – OPEC",
  "url": "https://urgent.news/2026/09/10/sarabia-russia-to-retain-oil-production-levels-opec",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T04:04:37.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/sarabia-russia-to-retain-oil-production-levels-opec/"
  },
  "original_language": "en",
  "account": "The Organisation of the Petroleum Exporting Countries (OPEC) has announced that Saudi Arabia, Russia, and five other major oil producers will maintain their September 2026 production levels for the upcoming month. This decision was made by the seven OPEC+ countries, which include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. These nations had previously agreed to additional voluntary production adjustments in April and November 2023.\n\nThe participating countries gathered recently to discuss the global oil market and its future outlook. Following their meeting, OPEC announced that the seven countries have decided to keep their September 2026 production levels as planned. The combined production capacity of these seven countries is approximately 31.01 million barrels per day. Saudi Arabia's output for October is expected to be 10.49 million barrels per day, while Russia's is projected to be 9.95mbpd. Iraq, Kuwait, Kazakhstan, Algeria, and Oman will each produce 4.43mbpd, 2.68mbpd, 1.63mbpd, 1.01mbpd, and 841,000 barrels per day, respectively.\n\nOPEC emphasized that the seven countries remain committed to adhering to the Declaration of Cooperation. The organization also stated that the members will continue to meet monthly to assess global market conditions and future prospects. The next gathering of the seven countries is scheduled for October 4, 2026.\n\nThe decision to maintain production levels indicates a cautious strategy by the Saudi-led alliance amidst ongoing global supply uncertainties and rising crude prices. It is important to note that Nigeria, another OPEC member, is not part of this specific seven-country mechanism. Nigeria's quota remains at 1.5mbpd.",
  "summary": "OPEC+ countries, including Saudi Arabia and Russia, will maintain their oil production levels for October, signalling a cautious approach to the global mar Read More: https://punchng.com/sarabia-russia-to-retain-oil-production-levels-opec/",
  "key_points": [
    "Saudi Arabia, Russia, and five other OPEC nations to keep September 2026 production levels.",
    "Combined production capacity of seven countries: 31.01 million barrels per day.",
    "Next meeting scheduled for October 4, 2026."
  ],
  "editors_take": "The decision by Saudi Arabia, Russia, and other major oil producers to maintain production levels signals a cautious approach by the Saudi-led alliance amid global supply uncertainties and rising crude prices.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "S’Arabia, Russia to retain oil production levels – OPEC",
        "url": "https://urgent.news/2026/09/10/sarabia-russia-to-retain-oil-production-levels-opec-6536119",
        "published": "2026-09-10T04:14:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}