Baku 17° C
Oil prices rise moderately after announcement of production decisions by eight OPEC+ countries
Energy
- 03 November, 2025
- 10:44
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices rose on Monday morning following the announcement of production levels by eight OPEC+ countries, Report informs referring to trading data.
The price of January Brent crude oil futures increased by 0.39% from the previous close, to $65.02 per barrel, while December WTI futures rose by 0.39%, to $61.23.
On Sunday, the eight OPEC+ countries (Saudi Arabia, the UAE, Kazakhstan, Russia, Iraq, Kuwait, Algeria, and Oman) decided to increase their December oil production cap by an additional 137,000 barrels per day from November levels, but also announced a pause in production increases for the period January-March 2026 due to seasonality.
Author
Latest News
23:02
Azerbaijan–Türkiye brotherhood has deep historical roots, Bahçeli says
Region
22:37
Türkiye expands military cooperation with Azerbaijan and other partners
Region
22:31
Putin, Pezeshkian discuss situation around Iran and joint projects
Region
22:12
Erdoğan invites Macron to COP31 leaders' summit in Türkiye
Region
22:05
Bart Ouvry: EU should develop relations with Azerbaijan beyond geopolitical boundaries
Foreign policy
21:55
Prospects for Azerbaijan-EU relations, security in South Caucasus discussed in Brussels
Foreign policy
21:38
Azerbaijan takes part in ECOSA congress in Tashkent
AIC
21:23
VAM Caspian extends its service contract with BP to support drilling operations in Caspian Sea
Energy
21:11
Parviz Shahbazov: Azerbaijan so far supplied 131BCM of gas to Türkiye
Energy