OPEC+ Holds December Oil Output Steady Before 2027 Decision

WHO:

NY Post - OPEC+ members, including Gulf members, are involved in setting and meeting oil output targets.

Bloomberg Markets - Seven OPEC+ members agreed to keep output quotas unchanged in December.

Bloomberg Markets - Two delegates said major OPEC+ nations were set to keep production quotas unchanged in December.

WHAT:

NY Post - OPEC+ kept its December oil output targets steady.

NY Post - Gulf members have been boosting exports, but most are still pumping well below their targets.

Bloomberg Markets - Seven OPEC+ members agreed to leave December output quotas unchanged.

Bloomberg Markets - The seven members had unwound the last of their voluntary cuts in September.

Bloomberg Markets - Major OPEC+ nations were set to stick with plans for unchanged December production quotas.

WHERE:

NY Post - Gulf members’ exports have been disrupted by conflict.

Bloomberg Markets - Conflict in the Middle East has curbed output across parts of the OPEC+ group.

WHY:

NY Post - OPEC+’s steady December targets precede a tougher decision about output in 2027.

Bloomberg Markets - The decision followed the unwinding of the members’ voluntary output cuts.

Bloomberg Markets - Conflict in the Middle East continues to curb substantial portions of OPEC+ output.

HOW:

Bloomberg Markets - The December quota decision was agreed by seven OPEC+ members; two delegates described major nations’ plans to maintain unchanged quotas.

(UPDATED November 1, 2026 20:59 UTC)

OPEC+ will keep December oil production quotas unchanged, seven members agreed, after unwinding voluntary cuts. Conflict in the Middle East has curbed output across parts of the group and disrupted Gulf exports. Gulf members are boosting exports, but most still pump well below their targets.