The OPEC+ coalition changes the daily crude oil production quotas.
Medianews.az reports that starting from July 1, Saudi Arabia may set production at 10 million 353 thousand, Russia at 9 million 824 thousand, Iraq at 4 million 378 thousand, Kuwait at 2 million 644 thousand, Kazakhstan at 1 million 608 thousand, Algeria at 995 thousand, Oman at 831 thousand barrels.
The production limits 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 dollars. 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 dollars.