{
  "id": 10901530,
  "title": "OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say",
  "url": "https://urgent.news/2026/09/30/opec-oil-producers-set-to-keep-output-targets-steady-at-sunday",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T08:54:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/opec-oil-producers-set-to-keep-output-targets-steady-at-sunday-meeting-sources-say-4924342"
  },
  "original_language": "en",
  "account": "OPEC+ oil-producing nations are expected to maintain their oil production targets unchanged during their Sunday meeting, according to two anonymous sources familiar with the situation. Reuters reports that no final decision has been made yet, as no seven core OPEC+ members - Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - convene to discuss their production plans. The necessity for this meeting arises from Gulf producers boosting exports, which have been impeded due to the ongoing Iran war, although they are still pumping well below their production targets. OPEC+ is comprised of the Organization of the Petroleum Exporting Countries and Russia. The group has been progressively raising its production targets throughout the year, but maintained them at the same level for October. In September, OPEC+ successfully completed the phased rollback of a 1.65 million-barrel-per-day supply cut that was initially agreed upon in 2023. In July, Reuters had speculated that OPEC+ might not modify its targets during the fourth quarter, as it shifted its focus towards 2027 quota negotiations. Despite the disruptions caused by the Iran war, Gulf producers have been unable to meet their quotas. According to OPEC data, the seven core OPEC+ producers produced 25.0 million barrels per day in August, which is a 630,000 bpd increase from July but still approximately 5 million bpd below pre-war levels in February. OPEC+ still has a further 2 million bpd production cut in place covering most members until the end of 2026. The group requires a final review of members' production capacity before establishing 2027 baselines, which will determine future quotas and aid in planning to unwind those cuts. DeGolyer and MacNaughton, a U.S. consultant, is anticipated to submit its report on capacity soon. Additionally, a separate OPEC+ ministerial group called the Joint Ministerial Monitoring Committee (JMMC), which does not decide policy, also convenes on Sunday to review the market.",
  "summary": null,
  "key_points": [
    "OPEC+ oil producers likely keep output targets steady at Sunday meeting",
    "No final decision made yet, as seven core members convene to discuss plans",
    "Gulf producers boosted exports due to Iran war, still pumping below targets"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}