OPEC+ Keeps November Oil Production Targets Unchanged
publishers 22articles 23first reported 4 Oct, 11:30 UTCdeveloping since 4 Oct · 8 editions
OPEC+ agreed Sunday to keep oil production targets unchanged for November, extending a pause that began in October after six months of gradual increases.
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman will maintain the production levels required in September 2026, according to the group’s statement. Their combined November target is about 31 million barrels per day.
The seven producers completed the unwinding of 1.65 million barrels per day in voluntary cuts in September. A further 2 million barrels per day of cuts agreed in 2022 will remain in place through the end of the year. OPEC+ is also reviewing members’ production capacity as it prepares to set quotas for 2027.
Actual output remains below the targets for many members amid disruptions linked to the conflict involving the United States and Iran. The National reported that the Strait of Hormuz, a route for about one-fifth of global crude oil and liquefied natural gas supplies, has been effectively closed since fighting began on February 28.
Brent crude settled Friday at $102.25 a barrel, while West Texas Intermediate finished at $91.11. The seven countries said they would continue monthly reviews of market conditions, with their next meeting scheduled for November 1.
HOW THIS STORY WAS MADE
Written from 5 articles, 2 with the publisher's own text; 5 independent newsrooms once syndicated copies count as one; this version written 6 h after the record first saw the story; the editor kept it as written.
- Publishers
- 22
- Source articles
- 23
- Given to the writer
- 5, 2 with the article's own text
- Independent newsrooms
- 5
- This version written
- 6 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →