Seven OPEC+ Nations Maintain Oil Production Through December 2026
Seven OPEC+ member countries agreed to maintain September 2026 oil production levels through December to support global market stability.
Representatives from seven OPEC+ member countries agreed during a videoconference on November 1 to maintain oil output levels through December 2026. The participating nations—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—decided to keep the combined required production level at 31.01 million barrels per day to support global market stability.
Saudi Arabia holds the highest production quota at 10.478 million barrels per day, followed by Russia at 9.949 million and Iraq at 4.431 million. Other quotas include Kuwait at 2.676 million and Kazakhstan at 1.628 million. The group reaffirmed its commitment to the full implementation of the Declaration of Cooperation.
To continue monitoring market conditions and outlooks, the seven countries will hold monthly meetings. The next session is scheduled for November 29, 2026.
