Baku 27° C
Four OPEC+ countries to offset excess oil output by June
Energy
- 07 January, 2026
- 18:44
Four OPEC+ member countries must compensate for a combined daily excess oil production of 4.57 million barrels from December last year through June, according to the OPEC, Report informs.
An updated compensation table has been published. Under the plan, Kazakhstan is required to offset 3.54 million barrels per day over the period, while Iraq must compensate for 771,000 barrels per day.
The United Arab Emirates is expected to offset 223,000 barrels per day, and Oman 40,000 barrels per day, the schedule shows.
Latest News
23:50
Two killed, 13 injured in minibus explosion near Damascus
Other countries23:18
Erdogan to pay working visit to Saudi Arabia
Region23:03
Photo
Qarabag lose to Dynamo Kyiv in Conference League qualifier
Football22:57
Georgia responds to Azerbaijan's note over delays faced by trucks
Region22:38
Jeyhun Bayramov visits Azerbaijani embassy in Kyiv
Foreign policy22:19
Bayramov, Klymenko discuss energy security cooperation
Foreign policy21:52
Rubio says US sanctions Cuban entities, individuals over arms procurement
Other countries21:39
Retired colonel convicted of FETO membership detained in Türkiye
Region21:10