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OPEC+ Holds November 2026 Oil Output Steady, Sets 2027 Talks

By Drooid · Oct 4, 2026, 2:11 PM UTC · How we work

Summary

Story summary

Saudi Arabia and Russia led OPEC+ in keeping November 2026 oil production unchanged.
The seven core members agreed in principle to maintain production targets.
Core members produced 25 million barrels per day in August, 630,000 bpd above July.
OPEC+ retains about 2 million barrels per day of output cuts across most members.
OPEC+ ministers will meet on Nov. 29 to set 2027 production policy.

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Story summary

Saudi Arabia and Russia led OPEC+ in keeping November 2026 oil production unchanged.
The seven core members agreed in principle to maintain production targets.
Core members produced 25 million barrels per day in August, 630,000 bpd above July.
OPEC+ retains about 2 million barrels per day of output cuts across most members.
OPEC+ ministers will meet on Nov. 29 to set 2027 production policy.