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OPEC+’s eight leading oil producers will raise their collective production cap by 100,000 barrels per day (bpd) in May compared with April, according to calculations made by Russia’s TASS news agency based on OPEC data. The adjustment follows a decision by the group, announced on April 5, to boost output by 206,000 bpd month-on-month.

The eight countries — Russia, Saudi Arabia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — held their latest meeting in early April and agreed on the new production levels, according to an official statement cited by TASS. The next meeting of the group is scheduled for May 3.

Coverage comparison

TASS, which provided the only coverage in the material reviewed, reported the decision in two separate dispatches. The first, published April 5, focused on the headline figure: an increase of 206,000 bpd for May compared with April. The second, published April 7, added a more detailed breakdown, including the overall production cap and country-level compensation requirements.

The April 7 report noted a distinction between the gross increase approved by the ministers and the net change in the permitted production cap. While the group decided to raise output by 206,000 bpd from April levels, the actual cap increase — after accounting for compensation schedules — is 100,000 bpd. That lower figure reflects the requirement that certain countries make additional cuts to offset previous overproduction.

Key claims

  • Gross output increase: The eight leading OPEC+ countries agreed to increase oil production by 206,000 barrels per day in May compared with April, as reported by TASS citing the organization’s statement.
  • Net cap increase: The total production cap for the eight countries will rise from 32.71 million barrels per day (mbd) in April to 32.81 mbd in May — a net increase of 100,000 bpd, according to TASS calculations based on OPEC data.
  • Compensation obligations: Kazakhstan must compensate for 789,000 bpd of excess production in April, and Kazakhstan and Oman together must compensate for 895,000 bpd in May, according to an updated compensation schedule referenced by TASS.
  • Next meeting: The next meeting of the eight countries will take place on May 3, as confirmed by both TASS reports.

Perspectives

TASS, as a Russian state news agency, presents the information in a neutral, factual manner, focusing on the numbers and the official statement. Its framing emphasizes the technical aspects of the production decision and the compensation mechanism, without editorial commentary.

The figures for compensation and the net cap increase appear only in the later TASS report and have not been independently confirmed by other outlets in the material provided. The 206,000 bpd gross increase and the May 3 meeting date appear in both TASS dispatches, suggesting they are consistent with the official communication.

It is worth noting that the two TASS articles use slightly different language: the first refers to the “eight leading OPEC+ countries” deciding to increase production, while the second refers to the cap of “OPEC+ countries” and then specifies the eight members. The numbers themselves remain consistent across both reports.

As with all energy-market data, the figures are subject to revision, and the actual production levels in May may differ from the caps if countries under- or over-produce. The compensation mechanism is designed to bring actual production back in line with agreed targets over time.