Russia and Saudi Arabia will provide more than 60 per cent of the total production increments scheduled for May 2026, leading a collective move by eight OPEC+ nations to adjust voluntary output levels. According to an Organization of the Petroleum Exporting Countries press release, the participating countries decided to implement a total production adjustment of 206 thousand barrels per day (kbd). The decision followed a virtual meeting of Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, held on April 5 to review global market conditions.