OPEC+ Keeps Output Quotas Unchanged for November

Seven OPEC+ countries that had previously agreed to additional voluntary production adjustments decided on Sunday to keep their output quotas unchanged for November.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman held a virtual meeting and agreed to maintain the September 2026 required production level for November.

Seven OPEC+ Countries Maintain Current Output Quotas

The seven countries reaffirmed their collective commitment to achieve full conformity with the Declaration of Cooperation, according to their latest decision.

The countries involved are:

Country	November Decision
Saudi Arabia	No quota change
Russia	No quota change
Iraq	No quota change
Kuwait	No quota change
Kazakhstan	No quota change
Algeria	No quota change
Oman	No quota change

The decision means the group will not introduce an additional production adjustment for November based on the latest meeting.

OPEC+ to Continue Monthly Market Reviews

The seven producers also agreed to continue holding monthly meetings to review market conditions.

The next meeting is scheduled for November 1, when the countries are expected to assess market developments and consider whether any further production changes are necessary.

What the Decision Means for Oil Markets

Keeping production quotas unchanged prevents an additional increase in planned supply from the seven countries. For oil traders, the decision therefore maintains the existing OPEC+ supply framework going into November.

However, an unchanged quota does not necessarily mean that actual production will remain exactly unchanged, as real output can differ from assigned production levels.

Market Impact

The decision is broadly supportive of crude oil prices compared with a scenario in which OPEC+ had increased production quotas, as no additional planned supply is being added for November. The market’s next focus will be on actual production levels, compliance and the group’s November 1 meeting.