{
  "id": 12094581,
  "title": "OPEC+ keeps November oil production unchanged at 31.01 million bpd",
  "url": "https://urgent.news/2026/10/05/opec-keeps-november-oil-production-unchanged-at-31-01-million-bpd",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T06:18:09.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/05/opec-keeps-november-oil-production-unchanged-at-31-01-million-bpd/"
  },
  "original_language": "en",
  "account": "OPEC+ maintained the November 2026 oil production at 31.01 million barrels per day, unchanged from the September 2026 level, during a virtual meeting on October 4, 2026. The seven participating countries - Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman - will retain their production requirements for the upcoming month. This decision follows the group's recent pause in production increases, which began after four consecutive months of raising output quotas in 2023. The pause will now extend for a second month, as actual oil supply in the market remains below the headline quota increases due to limited capacity and earlier overproduction in some member countries. While OPEC+ countries' production decisions significantly impact global oil markets, Nigeria, though not covered by the additional voluntary production adjustments, benefits from its oil exports contributing to foreign-exchange earnings and fiscal revenues.",
  "summary": "The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has kept oil production levels unchanged for November 2026 at a combined 31.01 million barrels per day for seven participating countries. The post OPEC+ keeps November oil production unchanged at 31.01 million bpd appeared first on Nairametrics .",
  "key_points": [],
  "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."
}