Seven Opec+ countries have agreed to maintain their September 2026 required production levels for December, reaffirming their commitment to supporting stability in global oil markets.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman reached the agreement during a virtual meeting on  November 1, 2026, where they reviewed global market conditions and the outlook.

The seven countries, which previously announced additional voluntary production adjustments in April and November 2023, reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.

They also agreed to continue holding monthly meetings to review market developments and assess conditions.

The next meeting is scheduled for  November  29,2026. -OGN/TradeArabia News Service