Market Flux Event
Seven OPEC+ Members Hold December Output Quotas Steady Amid Gulf Shipping Disruptions
Read this in the Market Flux appSeven core members of the OPEC+ alliance voted on Sunday, November 1, to keep oil output quotas unchanged for December 2026, maintaining the production levels set in September 2026. The participating countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, reaffirmed their collective commitment to market stability and full conformity with the Declaration of Cooperation.
The decision comes as Gulf shipping routes remain under threat and crude production across the group continues to run below prewar levels, conditions that have shaped output policy for much of the year. The seven member nations also pledged to continue holding monthly reviews of market conditions, with the next meeting scheduled for November 29, 2026.
© AI-generated summary is provided by Market Flux
Sources
- FinancialjuiceOPEC+ keeps oil output quotas unchanged for December at Sunday meeting: statement
- StaunovoSaudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability #oott
- FirstSquawkOPEC+ keeps oil output quotas unchanged for December at Sunday meeting - statement
- WsjOPEC, Allies Keep Output Steady While Gulf Shipping Remains Under Threat
- WSJmarketsOPEC, Allies Keep Output Steady While Gulf Shipping Remains Under Threat
- MarketsdayOPEC+ keeps oil output quotas unchanged for December at Sunday meeting: statement
- Amena__BakrSeven members of the OPEC+ group of oil producers agreed to keep output quotas unchanged in December #OOTT #OPEC
- BusinessSeven members of the OPEC+ group of oil producers agreed to keep output quotas unchanged in December, after unwinding the last of their voluntary cuts in September.