economy
February 12, 2026
OPEC+ oil production below target in January 2026
The countries participating in the alliance produced 37,185 mln bpd not including Libya, Iran and Venezuela exempted from the deal implementation
TL;DR
- OPEC+ countries produced 37,185 million bpd in January, below the target of 37.829 million bpd.
- Production was 644,000 bpd lower than the target.
- Russia produced 328,000 bpd below its quota.
- Saudi Arabia produced 17,000 bpd below its quota.
- Kazakhstan produced 260,000 bpd above its quota.
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