Overview

Click to expand overview
5 de sept. de 2025 Saudi Arabia and Russia on Tuesday deepened their oil supply cuts, announcing an agreement to continue scaling back production by 1 million barrels per day In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on to start a gradual and flexible 5 de sept. de 2025 Saudi Arabia will extend its voluntary oil output cut of 1 million barrels per day (bpd) for another three months until the end of December 2025, state news agency SPA 5 de sept. de 2025 Riyadh: Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a Saudi Arabia and Russia have confirmed plans to continue combined 1.3 million b/d supply cuts until the end of 2025 and review the decisions monthly, officials said Oct. 4. The two biggest Saudi Arabia and other OPEC oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day

Saudi Arabia and OPEC Oil Production Cuts Extended Until End of 2025: What It Means for You

Get the latest updates on Saudi Arabia and OPEC's decision to extend oil production cuts until the end of 2025. Understand the impact on oil prices and the global economy.

Key Developments:

Saudi Arabia and Russia on Tuesday deepened their oil supply cuts, announcing an agreement to continue scaling back production. This confirms plans for Saudi Arabia and Russia to continue combined 1.3 million b/d supply cuts until the end of 2025 and review the decisions monthly, officials said Oct. 4.

Saudi Arabia's Voluntary Cut:

5 de sept. de 2025 Saudi Arabia will extend its voluntary oil output cut of 1 million barrels per day (bpd) for another three months until the end of December 2025, state news agency SPA reported. This decision reflects 5 de sept. de 2025 Saudi Arabia and Russia's commitment to managing oil market stability.

Impact on Oil Prices:

5 de sept. de 2025 Riyadh: Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a commitment previously made. These cuts are designed to support oil prices amidst global economic uncertainty.

OPEC's Role and Other Voluntary Cuts:

Saudi Arabia and other OPEC oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day. These collective actions demonstrate OPEC's influence on the global oil market.

Rationale Behind the Cuts:

In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on to start a gradual and flexible approach, Saudi Arabia aims to maintain stability and prevent a surplus in the market.

Looking Ahead:

Stay informed about the evolving situation in the oil market and the implications of Saudi Arabia and OPEC's production cuts. We will continue to provide updates and analysis as the situation unfolds.

Updated: October 26, 2023

Top Sources

Related Articles