{
  "id": 11918411,
  "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",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T11:30:30.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/10/04/opec-keeps-oil-output-targets-unchanged-for-november/"
  },
  "original_language": "en",
  "account": "Opec+ has decided to maintain its oil production targets unchanged for November, extending a pause it began in October following six months of gradual increases. The seven core members of the group - Saudi Arabia, Iraq, Kuwait, Oman, Algeria, Russia, and Kazakhstan - agreed during their meeting on Sunday to stick with the September 2026 production level for November 2026. Since September, the group had already unwound 1.65 million barrels per day of the voluntary cuts initiated in 2023, while retaining an additional two million barrels per day of cuts from 2022 until the end of the year. Opec+ also plans to review the production capacity of its members to determine quotas for 2027. The seven countries will continue to hold monthly meetings to assess market conditions, with the next gathering scheduled for November 1. Currently, most members are producing below their targets due to the ongoing conflict in the Strait of Hormuz, which has effectively halted oil and natural gas exports. Brent crude, a benchmark for two-thirds of the world's oil, settled at nearly $102.25 per barrel on Friday, while West Texas Intermediate, the US crude benchmark, dropped by 1.9% to $91.11 per barrel. Over the past week, Brent prices fell nearly 2%, and WTI declined 1.4% from their previous closing levels.",
  "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": [],
  "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 UAE",
        "title": "Opec+ keeps oil output targets unchanged for November",
        "url": "https://urgent.news/2026/10/04/opec-keeps-oil-output-targets-unchanged-for-november",
        "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."
}