Seven OPEC+ countries hold November output at September levels
9 October 2026
The seven OPEC+ countries that had announced additional voluntary adjustments in April and November 2023 met virtually on 4 October 2026 to review global market conditions and outlook.
The seven are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman.
They decided to maintain September 2026 required production for November 2026.
The countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation.
They will continue to hold monthly meetings to review market conditions.
The next meeting will be held on 1 November 2026.
In plain words
OPEC Organization of the Petroleum Exporting Countries — An intergovernmental organisation of oil-exporting states, with its secretariat in Vienna.
Declaration of Cooperation Declaration of Cooperation — The agreement under which OPEC and non-OPEC producers coordinate output.