OPEC+ statement: Decides to keep December crude oil production quota unchanged

BlockBeats news, November 1 - Seven OPEC+ oil-producing countries held their monthly meeting today, during which Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability.

These countries reviewed global market conditions and prospects during the video conference, and the seven participating nations decided to maintain the production quotas for December 2026 as stipulated in September 2026. The seven countries reiterated their collective commitment to full compliance with the Declaration of Cooperation. The seven OPEC+ countries will continue to meet monthly to assess market conditions, with the next meeting scheduled for November 29, 2026.