Baku 24° 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
14:51
Rumen Radev expresses desire to visit Azerbaijan again - EXCLUSIVE
Foreign policy14:47
Vusal Isayev: Fans' support inspired Azerbaijani team to fight until end
Football14:40
Aykhan Hajizada: Azerbaijan expects CNN to refute article about operations against Iran
Foreign policy14:19
Photo
Baku hosting open-air exhibition on World Environment Day
Ecology14:07
Central banks of Azerbaijan, Hungary ink MoU
Finance14:04
Post marking World Environment Day published on Ilham Aliyev's social media pages
Domestic policy13:57
Ambassador: Azerbaijan Minifootball team deserved victory
Foreign policy13:56
Foreign Ministry: Five Azerbaijani citizens killed in drone attack on vessels in the Sea of Azov
Foreign policy13:51