Finance
Russian oil output continued to rise in September, OPEC data shows
Published by Global Banking and Finance Review
Posted on October 13, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 13, 2025
2 min readLast updated: January 21, 2026
Russian oil production rose to 9.321 million BPD in September, still below OPEC+ quotas. OPEC+ increased targets by 2.7 million BPD this year.
MOSCOW (Reuters) -Russian oil production rose in September to 9.321 million barrels per day, up 148,000 bpd from August, as the world's leading oil producing countries continued to ramp up production, OPEC monthly data showed on Monday.
Last month's production was still below Russia's OPEC+ output quota for September of 9.415 million bpd, however.
OPEC+, the group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers, has increased its oil output targets by more than 2.7 million bpd this year, equating to about 2.5% of global demand.
The shift in policy after years of cuts is designed to regain market share from rivals such as U.S. shale producers.
Deputy Prime Minister Alexander Novak said last week that Russia had been gradually raising its oil production.
In its monthly report, OPEC also said Kazakhstan's oil output last month edged down by 26,000 bpd to 1.840 million bpd, still above its quota set by OPEC+ for September of 1.550 million bpd.
Kazakhstan has been one of the main laggards in the OPEC+ deal due to an increase in output at the Chevron-led Tengiz oilfield, the country's largest.
(Reporting by Vladimir Soldatkin and Olesya Astalhova; Editing by Jan Harvey)
The Organization of the Petroleum Exporting Countries (OPEC) is a group of oil-producing nations that coordinates and unifies petroleum policies among member countries to ensure stable oil prices.
Oil production refers to the extraction of crude oil from the ground, which is then refined into various petroleum products used for energy and manufacturing.
OPEC+ quotas are production limits set by OPEC and its allies to manage oil supply and influence global oil prices.
U.S. shale oil is crude oil that is extracted from shale rock formations using advanced drilling techniques, significantly contributing to the U.S. oil supply.
Kazakhstan is a member of OPEC+ and participates in the agreement to manage oil production levels in coordination with other oil-producing nations.
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