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OPEC+ production policy

This dossier follows OPEC+ production decisions and their timetable, distinguishing agreed targets from volumes actually produced or exported.

Last updated : 1 key moments
OPEC headquarters in Vienna, January 2010. Archive photograph; the 1 November 2026 meeting was held by videoconference.
OPEC headquarters in Vienna, January 2010. Archive photograph; the 1 November 2026 meeting was held by videoconference. — Priwo / Wikimedia Commons — domaine public ; photographie du 24 janvier 2010, version redressée de 2021.

Where things stand

As of 1 November 2026, seven countries are retaining September's targets for December. Their next meeting is scheduled for 29 November.

Reported information

Seven OPEC+ countries retain December oil production targets

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman decided on 1 November 2026 to retain September's required production levels for December. The official statement and Bloomberg report the decision, taken by videoconference.

OPEC headquarters in Vienna, January 2010. Archive photograph; the 1 November 2026 meeting was held by videoconference.
OPEC headquarters in Vienna, January 2010. Archive photograph; the 1 November 2026 meeting was held by videoconference. — Priwo / Wikimedia Commons — domaine public ; photographie du 24 janvier 2010, version redressée de 2021.

The seven countries say they will continue monthly market reviews, with their next meeting scheduled for 29 November. They also reaffirm their commitment to complying with their cooperation decisions.

The hold concerns targets: it measures neither actual production nor deliveries to buyers. Bloomberg reports that the Middle East conflict continues to constrain part of the group's output. The announcement alone therefore does not establish a restoration of supplies.

Sources 3