OPEC+ countries agree to maintain production of 38 billion barrels a day in November
Photo: Internet
Published at: 04/10/2026 02:02 PM
Seven nations belonging to the OPEC+ alliance agreed this Sunday to continue for next November the oil production limits in force since September with the objective of preserving the stability of the global energy market, the Venezuelan News Agency (AVN) quoted Sputnik as saying.
“The seven participating countries decided to maintain the production levels required for September in November 2026,” said the official statement issued at the end of the virtual meeting held by Saudi Arabia, Algeria, Iraq, Kazakhstan, Kuwait, Oman and Russia.
According to the operating scheme, the fixed quotas include 10,478 million barrels per day (mb/d) for Saudi Arabia; 9,949 mb/d for Russia; 4,431 mb/d for Iraq; 2,676 mb/d for Kuwait; 1,628 mb/d for Kazakhstan; 1,007 mb/d for Algeria; and 841,000 barrels per day for Oman.
The group will maintain its periodic evaluations through monthly virtual meetings with a next appointment scheduled for November 1 to review market behavior.
Mazo News Team