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OPEC+ keeps November oil production targets unchanged

First covered Sunday, October 4, 2026The United StatesBusiness & MarketsWell-covered
 
 
 
 
 
 
 
 
 
 
 
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OPEC+ HOLDS THE LINE ON OUTPUTREFRAMED ILLUSTRATION

The Facts

  • Seven core OPEC+ producers kept November oil production targets unchanged.
  • The decision was made during an online meeting on Sunday.
  • The participating countries were Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
  • November marks the second consecutive month without a change to these production targets.
  • The seven countries will meet again on Nov. 1 to review oil-market conditions.
  • OPEC+ monitoring officials said the oil market faced volatility and a supply deficit.
  • Gulf OPEC+ producers have exported 60% to 80% of normal volumes in recent months.

Context

Which countries made the November decision?

Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman made the decision as the seven core participating producers. El Vocero de Puerto… infobae interfax.com Tengrinews.kz

When will the group review the market again?

The seven countries are due to meet on Nov. 1 to assess oil-market conditions. El Vocero de Puerto… Terra

Why does keeping targets unchanged matter?

The decision comes as OPEC+ monitoring officials describe a volatile oil market with a supply deficit, while Gulf producers face export disruptions. РИА Новости NY Post Interfax.ru BloombergHT

Where Left and Right agree, and where they split

Where Left and Right agree
Seven producer governments holding targets flat for a second month, amid an acknowledged supply deficit and Gulf exports at only 60-80% of normal, leaves outside buyers structurally exposed to decisions made elsewhere.
Where Left and Right split
The left and the right split on the fix: end foreign dependence, or out-drill it.
Why they won’t converge
This is a values divide: the left treats imported barrels as inherent exposure to be exited, while the right treats the same gap between quota and delivery as proof that only domestic output removes dependency, so agreeing on the shortfall numbers changes neither side's preferred remedy.
Watch for
Watch whether Brent crude, currently holding above $100 a barrel versus about $73 before the Iran war began, falls back toward that pre-war level.GULF NEWS

How left and right read it

Left says

Every winter, household energy bills ride on a decision seven governments make among themselves — and holding November targets steady for a second straight month, with Gulf exports running at 60% to 80% of normal volumes, shows how little say anyone paying those bills has. The volatility and supply deficit officials describe are not a reason to plead for more barrels, because that plea renews the same dependence each time. The exposure is structural. What matters is getting off the hook entirely.

Right says

A barrel promised is not a barrel delivered, and that gap is the whole argument for producing our own. Seven governments — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, Oman — held November targets flat for a second straight month while their own monitors concede a supply deficit, yet Gulf exports have run at just 60% to 80% of normal. Targets are paper. American output is not, so clear the barriers and drill.

“OPEC+ has been raising output targets for much of 2026 after years of production cuts, but most of the increases stayed on paper because of the Middle East conflict.” — New York Post↗

Seven governments holding targets flat leaves outside buyers exposed either way. The fight is whether to exit that dependence or outproduce it.

See this differently than someone you know would?

The receipts — 100 sources

Wire services (1)

Reutersnoticiasagricolas.com.brOpep+ decide manter inalteradas metas de produção de petróle...

Independent coverage (99)

Hellenic Shipping NewsOPEC+ holds output targets steady as Middle East conflict ti...
interfax.comSeven OPEC+ countries decides to keep current oil production...
TekediaOPEC+ Holds November Oil Output Targets Steady as Iran War K...
The Astana TimesOPEC+ Agrees to Keep Oil Production Steady
angi.ru -Александр Новак: Совместные действия стран ОПЕК+ помогут пре...
OilPrice.comOPEC+ Holds November Quota at 31.01 Million Barrels Daily
FXStreetPrevisión del WTI: Se mantiene cerca del mínimo de cuatro se...
NairametricsOPEC+ keeps November oil production unchanged at 31.01 milli...
BolsamaniaEl petróleo cae: la OPEC+ mantiene la producción y se libera...
Tengrinews.kzOPEC+ Seven, Including Kazakhstan, to Maintain Previous Oil ...
BloombergHTOPEC+ kasım ayı petrol üretim hedeflerini sabit tuttu
EconoTimesOPEC+ Keeps November Oil Output Targets Steady
Economy Middle EastOPEC+ keeps November oil production targets unchanged for se...
AzerNewsOPEC+ keeps output quotas unchanged
TEMPO.COOPEC+ Seven Countries Keep November Oil Production Levels Un...
CPG Click Petróleo e GásOpep+ congela produção de petróleo para novembro enquanto Br...
en.shafaqna.comOPEC+ Holds November Oil Output Targets Steady
GlobovisionLa OPEP+ decide mantener congelada su oferta de petróleo en ...
FXStreetEl WTI cae cerca de 89.00$ mientras la OPEP+ mantiene los ob...
FXStreetLas exportaciones de petróleo crudo de Oriente Medio superan...
The Nation ThailandBrent up 0.79% on Oct 5 after Houthis claim Aramco attacks
FXStreetRusia promete intensificar los ataques contra Ucrania
FXStreetLa OPEP+ acuerda mantener sin cambios su política de producc...
UPIOPEC+ to keep November oil production target level
semafor.comYemen launches Saudi-backed counterattack against Houthis
Últimas NoticiasVenezuela reaffirms its commitment to the stability of the g...
www.expreso.ecOPEP+ congela su oferta de petróleo mientras Irán mantiene c...
UOL notíciasOpep+ decide manter inalteradas metas de produção de petróle...
RT на русскомНовак: кризис на мировых нефтяных рынках будет преодолён
TalCualOPEP+ congela su producción petrolera por segundo mes consec...
GestiónOPEP+ decide mantener congelada su oferta de petróleo en nov...
TerraOpep+ decide manter inalteradas metas de produção de petróle...
UOLOpep+ decide manter inalteradas metas de produção de petróle...
El Vocero de Puerto RicoGrandes exportadores de petróleo acuerdan mantener estable l...
S A N AOPEC+ Petrol Üretim Hedeflerini Kasımda Değiştirmeyecek
Faro de VigoLa OPP+ mantiene congelada su oferta de petróleo
Kuwait TimesOPEC+ keeps output quotas steady - kuwaitTimes
India News, Breaking News, Entertainment News | India.comBig boost for global economy as OPEC+ cartel agrees to keep ...
bbntimes.comOPEC+ Holds November Oil Output Steady: What It Means for Oi...
Noticias VenevisiónOPEP+ decide mantener congelada su oferta de petróleo en nov...
New York PostOPEC+ to keep November oil output targets steady
AmbitoDecisión clave: la OPEP+ congela la producción de petróleo t...
GMA NetworkOPEC+ agrees to keep November oil output targets steady
Gulf Daily News OnlineOPEC+ seven agree to maintain November production levels
Negocios TVLa OPEP+ cierra el grifo: no habrá más petróleo en noviembre
ArabianBusiness.comOPEC+ holds November oil output targets steady as Brent stay...
Finanzas DigitalLa OPEP+ decide mantener congelada su oferta de petróleo
Ommcom NewsOPEC+ Cartel Agrees To Keep Oil Production Steady In Novembe...
The Rahnuma DailyOPEC+ cartel agrees to keep oil production steady in Novembe...
Modern DiplomacyOPEC+ Keeps November Oil Output Targets Unchanged Amid Marke...
Qatar News AgencyOPEC+ Keeps Oil Production Quotas Unchanged for November
РИА Новости КрымНовак заявил о дефиците нефти на мировом рынке
kp.ruНовак: Мониторинг ОПЕК+ наблюдает дефицит на мировых нефтяны...
Efecto CocuyoLa OPEP+ decidió congelar su oferta de petróleo hasta noviem...
noticia al diaLa Opep+ decide mantener congelada su oferta de petróleo en ...
rossaprimavera.ruВице-премьер РФ Новак: ОПЕК+ поможет преодолеть мировой нефт...
Ведомости"Ситуация напряженная": главные заявления Новака о состоянии...
ФедералПрессНовак дал прогноз по ситуации на мировых нефтяных рынках
The Business StandardOPEC+ agrees to keep November oil output targets steady
En Son HaberOPEC+ petrolde frene basıyor - ensonhaber.com
РИА НовостиНовак назвал ситуацию на мировом рынке нефти волатильной и н...
finance.mail.ruДефицит предложения на нефтяном рынке: Новак рассказал об ит...
RT на русскомНовак: мониторинг ОПЕК+ отметил наличие дефицита нефти на ми...
ijr.comOPEC+ Seven Extend Pause on Oil Quota Increases for November
TASSOPEC+ monitoring committee reviews July, August oil producti...
Asharq Al-Awsat EnglishOPEC+ Agrees to Keep November Oil Output Targets Steady
GHANA MMAOPEC+ agrees to keep November oil output targets steady
Interfax.ruМониторинговый комитет ОПЕК+ отметил высокую волатильность н...
Saudi GazetteOPEC+ agree to keep oil output level unchanged for November
Interfax.ruНовак заявил, что ведущую роль в преодолении нефтяного кризи...
ВзглядНовак заявил о сохранении напряженной ситуации на нефтяных р...
Folha de S.PauloOpep+ decide manter metas de petróleo em novembro - 04/10/20...
CNBCOPEC+ agrees to keep November oil output targets steady
vesti.ruНовак заявил, что кризис на мировых рынках будет преодолен -...
The Moscow TimesOPEC+ Agrees to Keep November Oil Output Targets Steady
GULF NEWSOil stays above $100 as OPEC+ hits pause -- here's what it m...
EconoTimesOPEC+ Expected to Hold November Oil Output Quotas Steady
20 minutosLa OPEP+ mantendrá congelada su oferta de petróleo en noviem...
NewsBytesOPEC+ likely to keep production quotas unchanged for Novembe...
EL PAÍSLa OPEP+ mantiene sin cambios la producción de petróleo para...
Diario de BurgosLa OPEP+ mantiene congelada su oferta de petróleo en noviemb...
unb.com.bdOPEC+ to keep oil output unchanged for second straight month...
Última HoraLa OPEP+ decide mantener congelada su oferta de petróleo en ...
Yeniçağ GazetesiKüresel petrol alarmı: Kotalar sabit kaldı, G7 acil stok açı...
LaPatilla.comLa Opep+ decide mantener congelada su oferta de petróleo en ...
The Times of IndiaOPEC+ keeps November oil output targets steady as Iran war h...
El ConfidencialLa OPEP+ decide mantener congelada su oferta de petróleo en ...
NTVPetrol piyasasında kritik karar: OPEC+ üretimi sabit tutacak...
The Wall Street JournalOPEC, Allies Hold Oil Output Steady Amid Middle East Tension...
infobaeLa OPEP+ decide mantener congelada su oferta de petróleo en ...
Asianet News Network Pvt LtdOPEC+ To Keep Oil Quotas Unchanged In November As Iran War C...
The News InternationalOPEC+ agrees to keep November oil targets steady amid market...
Valor EconômicoOpep+ concorda em manter estáveis ​​as metas de produção de ...
Iraqi NewsIraq, OPEC+ members agree to keep oil production unchanged
DünyaOPEC+ petrolde frene basıyor: Kasım için karar netleşiyor - ...
english.news.cnOPEC+ to maintain oil output for second consecutive month in...
Haber AktüelOPEC+, Üretim Kotalarını Belirleme İncelemesini Erteledi
NTVSavaş ve veri krizi OPEC'in hesaplarını bozdu. Rapor kasıma ...
El Universal: El UNIVERSALOPEP+ congela su oferta petrolera hasta noviembre en medio d...

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