OPEC+ Expected to Keep Oil Production Quotas Unchanged
The key OPEC+ producers are set to leave their current crude oil output quotas unchanged for November at a meeting this weekend, anonymous sources familiar with the plans told Reuters on Wednesday. The Gulf producers in OPEC+ have been producing and exporting much lower volumes sin ce the Iran war c
The key OPEC+ producers are set to leave their current crude oil output quotas unchanged for November at a meeting this weekend, anonymous sources familiar with the plans told Reuters on Wednesday. The Gulf producers in OPEC+ have been producing and exporting much lower volumes sin ce the Iran war crippled traffic through the Strait of Hormuz. In the early September monthly meeting, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman decided to maintain the September 2026 required production quotas for October 2026, after…
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