OPEC+ holds December oil output steady to support market stability
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By Udeme Akpan, Energy Editor
The Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+, have agreed to maintain their September 2026 required production levels for December to support stability in the global oil market.The countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — reached the agreement at a virtual meeting on November 1, 2026, where they reviewed “global market conditions and outlook”.The seven producers, which announced add
The Organisation of the Petroleum Exporting Countries and its allies, known as OPEC+, have agreed to maintain their September 2026 required production levels for December to support stability in the global oil market.The countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — reached the agreement at a virtual meeting on November 1, 2026, where they reviewed “global market conditions and outlook”.The seven producers, which announced add
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