Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

OPEC+ eyes full return of 2.2 million barrels amid compliance rift

  • By Al Mayadeen English
  • Source: Agencies
  • 4 May 2025 21:00
3 Min Read

OPEC+ moves to restore 2.2 million barrels to the market by November, as Saudi Arabia pushes back against quota violators and internal tensions mount over compliance and falling oil prices.

Listen
  • x
  • The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of their headquarters in Vienna, Austria, March 3, 2022.  (AP)
    The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of their headquarters in Vienna, Austria, March 3, 2022. (AP)

OPEC+ is rapidly advancing its plan to boost oil production, with up to 2.2 million barrels per day expected to return to the market by November, Reuters reported, citing five insiders familiar with internal deliberations. The shift, driven by Saudi Arabia, is as much about punishing quota violators as it is about responding to market conditions.

The decision follows a series of surprising output hikes, with production already ramped up for April, May, and June, totaling nearly 1 million barrels per day. A further increase of 411,000 bpd is expected for July. Saturday's announcement, made during a short virtual meeting, is part of a broader effort to unwind the voluntary 2.2 million bpd cut agreed upon last December by eight OPEC+ nations, including Saudi Arabia, Russia, Iraq, and the UAE.

While the official narrative from OPEC+ maintains that the oil market's "fundamentals are healthy," recent price trends suggest otherwise. Brent crude futures dropped over 1% on Friday to $61.29 per barrel, the lowest level in nearly four years. Analysts attribute the decline to investor concerns over oversupply, softening global demand, and pressure from US tariff policies.

Quota clash

The internal dynamics of the alliance are growing increasingly strained. Saudi Arabia has taken aim at Iraq and Kazakhstan for allegedly repeatedly breaching their production ceilings. "Saudi Arabia repeated its warnings against poor compliance on Saturday," said one source. The move reflects Riyadh's refusal to continue shouldering the burden of market stabilization, a role it has played since the 2020 price collapse.

Related News

Turkey to supply natural gas to Syria after grid connection

Algeria to boost oil production as part of OPEC+ output hike

Tensions with Kazakhstan escalated last month after its energy minister publicly prioritized national interests over OPEC+ discipline. The country exceeded its output quota in April despite a 3% overall decline in production.

"Compliance again appears to be the key focus, with Kazakhstan and Iraq continuing to miss their compensation targets, alongside Russia to a lesser extent," said Helima Croft of RBC Capital Markets in a statement to Reuters.

Strategic shift

The stakes are further heightened by an upcoming visit from US President Donald Trump, who has persistently demanded increased oil output to curb rising fuel prices at home. Trump's agenda in Riyadh is expected to include energy, arms sales, and nuclear cooperation, amplifying speculation that geopolitical alignment is shaping OPEC+ strategy.

Saudi Arabia's shift also signals a larger strategic departure. After years of cutting output to stabilize prices, the kingdom is now positioning itself to expand market share, even if that means enduring lower revenues in the short term.

"If compliance does not improve, the voluntary cuts will be unwound by November," warned one of the sources, referencing the potential full release of the 2.2 million bpd held back by eight members.

Read more: EU spent more on Russian oil, gas than Ukraine aid, report finds

Speaking to Reuters, analyst Giovanni Staunovo of UBS cautioned that "news of accelerating hikes will weigh on oil prices until compliance improves," hinting at more volatility ahead if quota violations persist.

A full OPEC+ ministerial meeting is scheduled for May 28 to assess market conditions and determine the next steps.

  • OPEC
  • Oil Production
  • OPEC+
  • Oil prices
  • Saudi Arabia

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS