Seven OPEC+ Producers Agree to Maintain Oil Production Targets

Seven producers within the Organization of the Petroleum Exporting Countries Plus reached an agreement in principle to maintain their current oil production targets through December. The decision was finalized during a coordination meeting held on Sunday, October 31, 2026.

The member nations met to align output levels and ensure stability in production targets for the remainder of the year. This agreement ensures that the current production quotas remain in effect through the end of December.