OPEC+ Maintains November Oil Quotas
OPEC+ countries, led by Saudi Arabia and Russia, confirmed their continuation in maintaining oil production quotas for November at September 2026 levels, with no changes, to ensure market stability and achieve compliance with the cooperation agreement. Kuwait set its required production at 2.676 million barrels per day, with the price of Kuwaiti oil rising to $105.91 per barrel. Meanwhile, the production levels of the other members ranged from approximately 841,000 to 10.478 million barrels per day. The participating countries plan to hold monthly meetings to review market conditions, with the next meeting scheduled for November 1.
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