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policyGlobalNov 14, 2026

OPEC+ Held October Quotas Steady on 6 September as Group's Output Share Fell to About 40%

Seven core OPEC+ members kept October production quotas unchanged at a September video meeting and deferred talks on 2027 baselines. The group's share of global oil output fell to about 40% after the UAE exited OPEC and the Iran war disrupted exports.

WHY IT MATTERS

Unchanged quotas and a shrinking OPEC+ share of supply leave the group less able to steer crude prices, so the market is driven more by China demand and Gulf export disruptions.

AFFECTSCrude Oil (Brent)◆Crude Oil (WTI)◆

SOURCE
energyreader.ioEnergyReader NewsroomNov 14, 2026

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Crude Oil (Brent) BRENT ▸

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5-session move

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

Oct 1, 2026OPEC+ agrees to keep November oil output targets steady+2.6%
Oct 4, 2026OPEC+ agrees to keep November oil output targets steady-0.9%
Jul 28, 2026OPEC+ likely to pause oil output hikes after September, sources say | Reuters-4.2%
Sep 18, 2020OPEC JMMC asks members to maintain status quo on production quotas-2.9%
Jan 4, 2026OPEC+ keeps oil output steady amid turmoil among members | Reuters+4.7%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.