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OPEC+ keeps Nov production unchanged
OPEC+ maintained the oil production levels for November 2026 at the same levels as September, following their decision during a video conference meeting on October 4th. They reaffirmed their commitment to cooperation and to achieving full compliance with the agreed-upon production levels. The required production levels are 10.478 million barrels per day for Saudi Arabia, 9.949 million for Russia, 4.431 million for Iraq, 2.676 million for Kuwait, 1.628 million for Kazakhstan, 1.007 million for Algeria, and 841 thousand barrels per day for Oman. This decision reflects a continued cautious approach to managing oil supplies, as the group has halted the gradual production increases implemented from April to September, while maintaining flexibility to adjust production levels in response to market developments to ensure global energy market stability.
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