OPEC+ countries have confirmed the decision to start increasing oil production from April

As indicated, the organization's countries confirmed their decision of December 5, 2024 on the gradual and flexible return of voluntary reductions in the amount of 2.2 million barrels per day from April 1, 2025. It is noted that at the same time, the states took into account healthy market fundamentals and positive prospects.

"Countries with excess production have also agreed on early compensation so that most of the excess volumes are compensated in the first months of the compensation period, and will submit their updated compensation schedules to the OPEC secretariat by March 17, 2025, which will be posted on the secretariat's website," the organization said in a statement..

Donald will give: experts predict the collapse of OPEC and OPEC+

The new US president has lifted restrictions on the country's oil production

Earlier, on February 4, the Ministry of Energy of Kazakhstan announced its commitment href="https://iz.ru/1833340/2025-02-04/kazahstan-podtverdil-priverzennost-sobludeniu-obazatelstv-pered-opek " target="_blank">compliance with obligations to OPEC+. The republic will take the necessary measures to fulfill its obligations in 2025 and 2026, compensating for the excess production allowed in 2024, the ministry said.