OPEC+ keeps November oil production quotas unchanged

Seven OPEC+ countries that have committed to voluntary oil production cuts, namely Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Algeria, have agreed to maintain their current oil production quotas for November, Report informs, citing OPEC.

As a result, Russia's daily oil production quota in November 2026 will remain at 9.949 million barrels, Saudi Arabia's at 10.478 million barrels, Iraq's at 4.431 million barrels, Kuwait's at 2.676 million barrels, Kazakhstan's at 1.628 million barrels, Algeria's at 1.007 million barrels, and Oman's at 841,000 barrels per day.

These quotas are unchanged from the levels set for September and October 2026.

The group's next meeting is scheduled for November 1.