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OPEC+ oil producers set to keep output targets steady at Sunday meeting: Reuters
The group kept about 31 million barrels per day in November targets as Middle East disruptions and a delayed capacity review kept policy on hold.
- OPEC decided to maintain required production targets on Sunday, extending the pause in output increases for the second consecutive month amid market uncertainty.
- Ongoing export bottlenecks caused by the US-Israeli war with Iran have forced Gulf OPEC producers to operate well below target, with exports fluctuating at 60-80% of normal levels in recent months.
- Seven core members—Saudi Arabia, Iraq, Kuwait, Oman, Algeria, Russia, and Kazakhstan—agreed to "maintain September 2026 required production for November 2026," with joint quotas totaling 31 million bpd.
- Brent settled at $102.25 a barrel on Friday, while West Texas Intermediate shed 1.9 per cent to settle at $91.11, as The Strait's closure constrained global supplies.
- The group "will continue to hold monthly meetings to review market conditions" while evaluating production capacity for 2027, though geopolitical tensions cloud future production outlooks.
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Reformatorisch DagbladReposted by 
welingelichtekringen.nl
welingelichtekringen.nlThe countries of the OPEC+ oil cartel do not intend to raise their production targets in November either, despite high oil and fuel prices. Saudi Arabia, Russia, and five other countries announced this on Sunday following an online meeting. As a result, the group's production targets remain unchanged for the second consecutive month.
·Apeldoorn, Netherlands (Kingdom of the)
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The OPEC+ group, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, has agreed, as expected, to leave its production limits unchanged in November, according to a press release from the OPEC cartel on Sunday.
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·Helsinki, Finland
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Total News Sources159
Leaning Left19Leaning Right27Center31Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 25%
C 40%
R 35%
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