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OPEC+ · Global markets

OPEC+ core group holds November output at September levels

Published in Brief No. 1 ·

Seven OPEC+ producers (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) agreed at a virtual meeting to keep November 2026 production at their September required levels, extending the pause that followed four monthly increases. The group meets again on November 1, 2026. Nigeria is not part of this group.

Why it matters

A flat quota outlook steadies the price assumptions behind fourth-quarter offtake, prepayment and reserve-based lending. Watch how 2027 baselines are set: they will drive price-linked terms and hedging in African producers’ 2027 budgets.

Sources: OPEC ↗ · Nairametrics ↗

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The Energy Intelligence Brief summarizes publicly available information and links to its sources. It is general information, not legal advice, and reading it does not create an attorney-client relationship. Facts can change after publication; always check the official source.

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