OPEC+ Keeps November Oil Production Quotas Unchanged During Today's Meeting

The OPEC+ alliance, represented by seven key countries, kept its oil production quotas for November unchanged during today’s (Sunday) meeting, as expected.

According to a statement, the seven OPEC+ countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—reaffirmed their collective commitment to stabilizing global oil markets and restoring balance.

This came during a review meeting held via video conference among these countries, which had previously announced additional voluntary oil production adjustments in April and November 2023, to discuss recent developments and future prospects in the oil market.

The seven participating countries decided to maintain the production levels set for September 2026 unchanged, to take effect in November 2026.