'OPEC+' maintains November production levels... Kuwait at 2.676 million barrels per day
OPEC+ maintains November production unchanged
Translated by Qiyas from السياسة — Original source
The seven countries in the OPEC+ alliance kept the required production levels for next November unchanged compared to those for September and October 2026, reaffirming their commitment to stabilizing the oil market and fully complying with the Cooperation Declaration.
The seven countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, which held a virtual meeting today to review the oil market conditions and developments.
Under the approved levels, Kuwait’s required production stands at 2.676 million barrels per day, Saudi Arabia’s at 10.478 million barrels per day, Russia’s at 9.949 million, Iraq’s at 4.431 million, Kazakhstan’s at 1.628 million, Algeria’s at 1.007 million, and Oman’s at 841,000 barrels per day.
The total required production levels for the seven countries amount to approximately 31.01 million barrels per day, according to the approved data.
The seven countries confirmed they will continue holding their monthly meetings to review oil market conditions and developments, with the next meeting scheduled for November 1.
The decision to maintain production levels comes as the alliance continues to review the production capacities of member states, in preparation for determining production levels and quotas for 2027. The completion of the capacity review has been delayed until mid-November due to disruptions affecting expansion and production projects in the region.
