The daily crude oil production quotas in the OPEC+ coalition are partially changing.
Medianews.az reports that from August 1, Saudi Arabia can raise production to 10 million 416 thousand, Russia to 9 million 887 thousand, Iraq to 4 million 405 thousand, Kuwait to 2 million 660 thousand, Kazakhstan to 1 million 618 thousand, Algeria to 1 million 1 thousand, Oman to 836 thousand barrels.
The quotas for the remaining countries are as follows:
Mexico – 1 million 753 thousand barrels
Nigeria – 1 million 500 thousand barrels
Azerbaijan – 551 thousand barrels
Malaysia – 401 thousand barrels
Congo – 277 thousand barrels
Bahrain – 196 thousand barrels
Gabon – 177 thousand barrels
South Sudan – 124 thousand barrels
Brunei – 83 thousand barrels
Equatorial Guinea – 70 thousand barrels
Sudan – 64 thousand barrels.
OPEC includes Equatorial Guinea, Algeria, Iraq, Iran, Congo, Kuwait, Libya, Gabon, Nigeria, Saudi Arabia, Venezuela; Azerbaijan, Bahrain, Brazil, Brunei, South Sudan, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan are considered partners.
In Azerbaijan's 2026 budget, one barrel of oil is taken at $65. Azerbaijani oil of the "AzeriLight" brand started January at $65.71, February at $69.72, March at $79.60, April at $132.35, May at $122.26, June at $104.58, and July at $75.34.