OPEC+ reached an agreement in principle to keep production targets unchanged in December.
Seven oil-producing countries within the OPEC+ alliance will meet tomorrow, Nov. 1, and have reached an agreement in principle to keep production targets unchanged in December, Reuters reported, citing a source familiar with the matter. 
According to Argaam data, the seven OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — decided earlier this month to maintain their required production levels for November 2026 at the levels set for September 2026.
Required outut for November 2026
Country
(‘000 bpd)
Saudi Arabia
10,478
Russia
9,949
Iraq
4,431
Kuwait
2,676
Kazakhstan
1,628
Algeria
1,007
Oman
841
OPEC+ reached an agreement in principle to keep production targets unchanged in December.
Seven oil-producing countries within the OPEC+ alliance will meet tomorrow, Nov. 1, and have reached an agreement in principle to keep production targets unchanged in December, Reuters reported, citing a source familiar with the matter.
According to Argaam data, the seven OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — decided earlier this month to maintain their required production levels for November 2026 at the levels set for September 2026.
Required outut for November 2026
Country
(‘000 bpd)
Saudi Arabia
10,478
Russia
9,949
Iraq
4,431
Kuwait
2,676
Kazakhstan
1,628
Algeria
1,007
Oman
841
