{
  "id": 11913510,
  "title": "Opec+ keeps oil output targets unchanged for November",
  "url": "https://urgent.news/2026/10/04/opec-keeps-oil-output-targets-unchanged-for-november",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T11:30:30.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/energy/2026/10/04/opec-keeps-oil-output-targets-unchanged-for-november/"
  },
  "original_language": "en",
  "account": "Opec+ maintained its oil production targets for November, keeping the break from recent production increases that began in October. Consisting of seven core members – Saudi Arabia, Iraq, Kuwait, Oman, Algeria, Russia, and Kazakhstan – the group decided during a Sunday meeting to maintain the September 2026 production level for the coming month. They finished dismantling 1.65 million barrels per day of voluntary cuts initiated in 2023 in September, while retaining a two million barrel daily reduction agreed upon in 2022 until year-end. Opec+ is also evaluating member nations' production capacities to establish quotas for 2027. The group will continue monthly meetings to monitor market conditions, with the next gathering scheduled for November 1. Most members are currently producing below their targets due to the ongoing conflict. The strategic waterway, the Strait of Hormuz, through which approximately one-fifth of global crude oil and liquefied natural gas flow, has been effectively blocked since the February 28 escalation of hostilities between the United States and Iran. Brent, the benchmark for two-thirds of the world's oil, settled nearly unchanged at $102.25 a barrel on Friday. West Texas Intermediate, the gauge tracking U.S. crude, dropped 1.9 percent to $91.11 a barrel. From Friday's close, Brent declined nearly 2 percent, while WTI fell 1.4 percent. Prices peaked intraday at $126 a barrel in late April.",
  "summary": "Opec+ kept its oil production targets unchanged for November, extending the pause it started in October after six months of gradual increases. The group's seven core members – Saudi Arabia, Iraq, Kuwait, Oman, Algeria, Russia and Kazakhstan – decided during the meeting on Sunday to \"maintain September 2026 required production for November 2026\", a statement said. The group finished unwinding 1.65…",
  "key_points": [
    "Opec+ maintains oil production targets for November unchanged",
    "Seven core members decide to keep September 2026 production level",
    "Group evaluates member nations' production capacities for 2027 quotas"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Opec+ set to keep November oil output targets steady amid war disruptions",
        "url": "https://urgent.news/2026/10/04/opec-set-to-keep-november-oil-output-targets-steady-amid-war",
        "published": "2026-10-04T07:49:14.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Opec+ keeps oil output targets unchanged for November",
        "url": "https://urgent.news/2026/10/04/opec-keeps-oil-output-targets-unchanged-for-november-11918411",
        "published": "2026-10-04T11:30:30.000Z"
      }
    ]
  },
  "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."
}