Three people told Reuters OPEC+ is likely to keep December oil output targets unchanged at an online meeting on Sunday and shift focus to negotiating 2027 production quotas. Participants include seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. Gulf export flows, previously disrupted for months by Iran-related conflict, are being restored, but most members’ actual production remains well below assigned targets. Sources said no final decision has been made.

2026-10-27

Three people told Reuters OPEC+ is likely to keep December oil output targets unchanged at an online meeting on Sunday and shift focus to negotiating 2027 production quotas. Participants include seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. Gulf export flows, previously disrupted for months by Iran-related conflict, are being restored, but most members’ actual production remains well below assigned targets. Sources said no final decision has been made.