Baku eyes new growth channels as oil market volatility rises [OPINION]

Azernews.Az

2 December 2025 08:30 (UTC+04:00)

Nazrin Abdul

OPEC+, which collectively produces about half of the world’s oil, has adopted a cautious posture. Member states have kept in place roughly 3.24 million barrels per day (bpd) of output cuts about 3% of global demand. These include a core 2 million bpd reduction active until the end of 2026 and an additional 1.24 million bpd of voluntary cuts.

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