OPEC+ Keeps December Oil Targets Unchanged as Brent Hovers Near Six-Month High: Report
The coalition of oil-exporting countries known as OPEC+ has reached a preliminary agreement to maintain its existing production levels through the month of December. This decision, which comes as global energy markets monitor rising prices, suggests that the group is prioritizing stability over immediate adjustments to supply. According to reports from Reuters on Saturday, which cited three individuals familiar with the discussions, the alliance intends to keep its output targets steady. This move aligns with previous market forecasts suggesting that no major policy shifts would occur before the start of the new year.
Core Members Maintain Current Output
The consensus was reached during a virtual gathering of seven key participants within the organization. This core group included representatives from Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman. These nations met online to
Source: benzinga.com · 2026-11-01