Opec+ holds December oil output targets steady as Iran war disrupts supply
The Opec+ bloc kept its oil production targets unchanged for December, maintaining September's required production levels as the war in the Middle East continues to disrupt global energy supplies. The group's seven core members – Saudi Arabia, Iraq, Kuwait, Oman, Algeria, Russia and Kazakhstan – decided during a meeting on Sunday to “maintain September 2026 required production for December 2026”…
Opec+ has kept its oil production targets steady for December, maintaining September's required levels amid ongoing disruptions to global energy supplies caused by the war in the Middle East. The group's seven core members decided to keep their production levels unchanged after reviewing market conditions, with the Strait of Hormuz effectively shut since February due to the conflict between the US and Iran.
The group reaffirmed its commitment to market stability but did not announce further production adjustments or a timetable for increasing output.
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