"The seven participating countries decided to maintain September 2026 required production for December 2026," the Organization of the Petroleum Exporting Countries (OPEC) said in a statement following a virtual meeting.
The seven OPEC+ countries - Saudi Arabia
...a kingdom taking up the bulk of the Arabian peninsula, largely made up of sand and oil rigs. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual haj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. Formerly dictatorial and steeped in Olde Tyme Religion, deferring to Salafist holy men on all issues, it has now done a 180 and is making a serious effort to modernize, so as not to be left in the sand by its Gulf Arab neighbors. The holy men have been shoved to the background and the nation is now still dictatorial but somewhat rational. That doesn't make them trustworthy, but it's a start..., Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman - also reaffirmed their commitment to complying with their agreed production levels and scheduled their next meeting for November 29.
The decision comes amid continued disruptions to energy exports caused by the regional war that erupted between the US and Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for
spontaneouslytaking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet
militiasto extend the regime's influence. The word
Iranis a cognate form of
Aryan.The abbreviation
IRGCis the same idea as
Stürmabteilung (or SA).The term
Supreme Guideis a the modern version form of either
Duceor
Führeror maybe both. They hate
in late February, with shipping through the Strait of Hormuz significantly affected. Oil-producing countries have been working to restore oil shipments to pre-war levels while navigating uncertainty over global supplies and prices.
Brent crude settled near $118 per barrel on Friday, its highest level since April, according to Rooters.
OPEC+ is also reviewing members' production capacities ahead of negotiations over output targets for 2027. Iraq has reportedly sought a higher production baseline of six million barrels per day, which could allow Baghdad to secure a larger quota next year.
Meanwhile,
...back at the alley, Slats grabbed for his rosco...
Iraq is working to increase exports through the Kurdistan Region's pipeline to
...a NATO
...the North Atlantic Treaty Organization. Originally it was a mutual defense pact directed against an expansionist Soviet Union. In later years it evolved into a mechanism for picking the American pocket while criticizing the cut of the American pants...
member, but not the most reliable...
's Mediterranean port of Ceyhan.
Baz Karim Barzanji, Chairman of KAR Group - an Iraqi-Kurdish oil company - announced on Saturday that oil exports Iraq's State Organization for Marketing of Oil (SOMO) sold through the pipeline had doubled from 250,000 to 500,000 barrels per day.
Barzanji said that if the pipeline reaches its maximum export capacity of one million barrels per day, approximately 33 percent of Iraq's total oil exports could reach international markets through the Kurdistan Region.
However,
a clean conscience makes a soft pillow...
Iraqi Oil Ministry spokesperson Salim al-Rukabi told Rudaw's Malik Mohammed on Saturday that shipments through the pipeline fluctuate between 300,000 and 400,000 barrels per day, depending on production in the Kurdistan Region and crude transported from southern Iraq.
He added that Baghdad plans to sign another transport contract to move larger quantities of southern crude northward by tanker trucks to increase exports through the pipeline.
Separately, Barzanji announced the completion of the Kurdistan Region's interconnected natural gas pipeline network, extending from the Khor Mor gas field in Sulaimani province to Duhok.
The network allows gas produced in the Region to reach power stations, factories, and industrial facilities directly, marking what Barzanji described as an important step toward strengthening energy security and industrial development.
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OPEC: 2026-09-13 Algerian demarche: Middle East conflict spills into North Africa
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