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CommoditiesHigh Impact•13 February 2026•

1 min read

OPEC+ Oil Production Falls in January Amid Supply Disruptions

Industrial pipes and valves with blue and green flames, overlaid with a green line and bar chart, on an orange background.

OPEC+ crude oil production experienced a significant decline in January, falling by 439,000 barrels per day compared to December. The alliance's total output averaged 42.45 million barrels per day for the month, according to OPEC's Monthly Oil Market Report. This reduction was primarily driven by a major supply disruption in Kazakhstan, which saw its production plummet by 249,000 bpd. Additionally, lower output from Iran and Venezuela contributed to the overall decrease. The substantial reduction in OPEC+ supply is expected to lead to tighter market conditions. This development is generally considered bullish for crude oil prices, as reduced supply typically supports higher valuations.