Business · Energy & Commodities · 1 hr ago
Seven OPEC+ countries keep December oil quotas unchanged
Seven OPEC+ countries kept December oil quotas unchanged at levels set for September 2026.
The decision involves Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, which met online on November 1.
The quotas together amount to about 31 million barrels a day, according to one report.
These countries had made voluntary production cuts and completed reversing them in September, though official quotas do not always match the amount actually produced.
The group says keeping quotas steady is intended to support stability in global oil markets.
The seven countries renewed their commitment to meet the group’s production agreement.
They will review market conditions at their next meeting on November 29.
Seven OPEC+ countries agreed to keep their oil production quotas unchanged in December.
The decision keeps quotas at the level set for September 2026.
The countries said they would continue meeting monthly to review market conditions.
Their next meeting is scheduled for 29 November 2026.
- Who
- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman.
- What
- They agreed to keep oil production quotas unchanged in December.
- When
- The decision was made on 1 November 2026.
- Where
- At a virtual meeting.
- Why
- To support stability in global oil markets and review market conditions.
This story does not have two clearly opposing sides.
Expansión reported that analysts expected OPEC+ to extend its production freeze for December.
Seven OPEC+ countries met virtually and agreed to keep December quotas unchanged.
The seven countries are scheduled to hold their next meeting.
- Participating countries
- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman
- December 2026 total
- About 31 million barrels a day
- Russia quota
- 9.949 million barrels a day
- Saudi Arabia quota
- 10.478 million barrels a day
- Next meeting
- 29 November 2026
5 sources
"أوبك+" يبقي الإنتاج في ديسمبر دون تغيير للشهر الثالث على التوالي
OPEC+ nations agree to keep production quotas for December at November level
OPEC+ Leaves Oil Output Targets Unchanged for December
La OPEP+ evalúa este domingo si modifica su producción petrolera en diciembre
What people are saying
The seven participating countries decided to maintain September 2026 required production for December 2026.
The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation.