• Countries
    • Saudi Arabia
    • Iran
    • Iraq
    • KRG
    • UAE
    • Qatar
    • Algeria
    • Egypt
    • More Countries
      • Oman
      • Yemen
      • Bahrain
      • Libya
      • Sudan
      • Tunisia
      • Morocco
      • Mauritania
      • Cyprus
      • Lebanon
      • Jordan
      • Palestine
      • Israel
      • Syria
  • Sections
    • Oil & Gas
    • OPEC & Global Markets
    • Corporate
    • Power
    • All Sections
      • Oil & Gas
      • OPEC & Global Markets
      • Corporate
      • Power
      • Refining & Petchems
      • Transportation / LNG
      • Geopolitics
      • Economics
      • Op-Ed
      • Selected Data
  • Regions
    • Middle East
    • Gulf
    • North Africa
    • East Mediterranean
  • Latest Issue
  • Pricing
  • About us
  • Contact
Login Free Trial
Saudi Arabia Iran Iraq UAE Qatar Algeria Egypt All Countries
Middle East | Gulf
Saudi Arabia
Iraq KRG
Iran UAE Kuwait Qatar Oman Yemen Bahrain
North Africa
Algeria Egypt Libya Sudan Tunisia Morocco Mauritania
East Mediterranean
Cyprus Lebanon Jordan Palestine Israel Syria
Oil & Gas OPEC & Global Markets Corporate Power All Sections
Oil & Gas OPEC & Global Markets Corporate Power Refining & Petchems Transportation / LNG Geopolitics Economy & Finance Op-Ed Selected Data
Latest Issue Pricing Login

Opec Extends Production Guidance To 2026 As It Announces Taper Roadmap

7 Jun 2024 Issue: 67 / 23 By: Jamie Ingram, Yesar Al-Maleki

For the second year in a row, the Opec+ June meeting has yielded a supply agreement broader in scope than the pre-meeting expectation. While the production roadmap can be adjusted according to market conditions, the deal serves two crucial purposes: the tapering of voluntary cuts shows that Opec+ remains committed to reclaiming market share, while the extension of production guidance to end-2025 demonstrates that the group’s leadership continues to prioritize market-management.

Read this article for free

Gain access to over 60-years of energy analysis and news


  • Delve into the details backed by data
  • Exclusive information from high-level officials
  • Assess future risks and opportunities
Sections:
OPEC & Global Markets
About Mees
Subscribe Now or Login to get full access to this article

IN THIS ARTICLE

Tables included Tables
Opec+ Sets Out New Production Levels Out To End-2025^ (‘000 b/d)
Charts included Charts
1: The Gradual Tapering Of Opec+ Voluntary Production Cuts From October 2024 (mn b/d)
2: Opec+: Who Holds Spare Capacity? Member State Allocations V Capacity* ('000 b/d)
3: Opec+ To Add 2.46mn B/D By September 2025 Through Unwinding Of Voluntary Cuts And UAE Uplift Under June 2024 Roadmap (mn b/d)
4: UAE Crude Oil Production Set To Surge 290,000 B/D For 2025 Following June’s Opec+ Deal (mn b/d)
5: Saudi 2024 Crude Output Set For 14-Year Low Even If Cuts Taper From October (‘000 b/d)

REFERENCED MEES ARTICLES

Load more

RELATED ARTICLES

Iran Oil Exports Prove Resilient Through 12-Day Conflict

27 Jun, 2025

Charts included

Oil Prices Drop Sharply On Trump Ceasefire Deal

27 Jun, 2025

Charts included

Israel-Iran War Highlights Europe Reliance On Gulf Jet Fuel

27 Jun, 2025

Charts included

Oil Markets Welcome Trump Pause On Iran

20 Jun, 2025

Tables included

IEA Forecasts Peak Demand by End of Decade

20 Jun, 2025

Charts included

Israel-Iran Conflict Puts Spotlight On Hormuz Bypass Pipelines

20 Jun, 2025

Charts included Maps included

Tanker Collision Offshore UAE Highlights Congestion Risks

20 Jun, 2025

Middle East Tanker Rates Soar Amid Israel-Iran Conflict

20 Jun, 2025

Charts included

EIA Says Price-Sensitive US Crude Output In Decline

13 Jun, 2025

Charts included

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.

We are a weekly publication
with over 60 years experience
on Middle East energy

About us
Free Articles News in Brief Archive
Pricing Sign In Contact Us
About us Events
Privacy Policy Terms & Conditions
Copyright © 2025 Mees. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Connect