Seven core member nations including Saudi Arabia and Russia decided during a Sunday online session to leave December output levels unchanged. This pause keeps roughly 2 million barrels per day in broader production curbs intact through the close of 2026. Meanwhile, an essential internal assessment of member production capacity has faced delays due to regional war impacts on infrastructure projects. That capacity evaluation is now slated for completion by mid-November before the full coalition gathers.
Key points
Regional conflict has disrupted Middle Eastern expansion projects, complicating the allia…: Regional conflict has disrupted Middle Eastern expansion projects, complicating the alliance's assessment of member crude capacity.
Most participating oil producers continue to pump well below their designated quotas desp…: Most participating oil producers continue to pump well below their designated quotas despite Gulf efforts to increase exports.
Major production policy adjustments remain postponed until next year following the comple…: Major production policy adjustments remain postponed until next year following the completion of an earlier cut rollback in September.
Sources checked by our analysis pipeline: 1
OPEC+ keeps December oil output targets steady as Iran war continues to disrupt flows
LONDON/MOSCOW, Nov 1 : OPEC+ oil-producing countries kept production targets steady for December at a meeting on Sunday, confirming expectations that more policy adjustments will not occur until next year, as the group continues to struggle with export disruptions from the US-Iran war.
Seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — made the decision in an online meeting on Sunday, OPEC said in a statement. While Gulf members have been boosting exports that have been disrupted for months by the conflict, most are still pumping well below their targets.
OPEC+ comprises the Organization of the Petroleum Exporting Countries and allies including Russia. Only the seven members – plus the United Arab Emirates until it quit OPEC in May – have been involved in monthly output decisions in recent years. All members of the 21-country group are due to meet on November 29, when analysts expect it will decide 2027 quotas.
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