Baku 25° 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
17:43
Azerbaijan increases its spending on grain, legume imports from Türkiye
AIC17:27
Several Azerbaijani chess players recently improved their ratings, federation president says
Individual sports17:07
Greek F-4 crashes during an air show near Athens
Incident16:53
Tokayev signs decree defining powers of Kazakhstan's Vice President
Region16:35
Kazakhstan, China launch joint digital platform for grain, agricultural trade
Other countries16:15
Rescuers in Nepal pull Chinese national, woman alive 10 days after devastating floods
Other countries15:56
Farid Shafiyev: The Guardian distorted history of Armenia-Azerbaijan conflict
Foreign policy15:40
4 civilians killed, 9 injured in Houthi missile attack south of Taiz
Other countries15:23