OPEC+ likely keeps oil production targets flat in December
Seven core producers including Saudi Arabia and Russia have agreed in principle to leave December quotas unchanged at Sunday’s online meeting, with further policy shifts seen next year.
Seven core OPEC+ members have agreed in principle to keep December oil production targets unchanged.
Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman meet online from 1200 GMT on Sunday.
Gulf members are still lifting exports disrupted for months by the US–Iran conflict; most pump below target.
In September the group finished rolling back a 1.65 million barrels-per-day cut first agreed in 2023.
About 2 million barrels per day of further cuts remain for most members through the end of 2026.