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الاقتصادية
OPEC+ keeps October oil policy
Key member countries of the OPEC+ alliance maintained their oil production policy without change in October, following six consecutive increases. This decision complements a voluntary reduction of 1.65 million barrels per day implemented since the beginning of the decline, with an ongoing additional cut of two million barrels per day until the end of 2026. The decisions include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. All countries remain fully committed to adhering to the cooperation agreement and continue to hold monthly meetings to review the market, with the next meeting scheduled for October 4. Despite this, OPEC+ production increased by 1.42 million barrels per day in July, reaching 37.66 million barrels daily. Global oil demand growth expectations for 2026 have been revised downward to 600,000 barrels per day due to trade disruptions and rising energy prices, reflecting significant challenges to oil consumption this year.
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