# Saudi Capacity Audit 2026: 1.37M Bpd Gap Before OPEC+ Vote

> DeGolyer and MacNaughton is completing an independent audit of Saudi Arabia's maximum sustainable crude capacity, with findings due before the November 29 OPEC+ ministerial meeting. Saudi self-reported October output of 10.563 million bpd sits 1.369 million bpd above OPEC's secondary-source estimate. The audit will set Saudi Arabia's 2027 quota.

- Date: 2026-11-15 · published 2026-11-15T21:14:36.115Z
- Category: report · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/101829-saudi-capacity-audit-2026-1-37m-bpd-gap-before-opec-vote
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The audit result could shape OPEC+ 2027 quotas and therefore future crude supply, a key input for energy and biofuel costs. A large reported gap adds uncertainty to supply forecasts and can move crude prices around the meeting.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.0% | +2.5% |
| BRENT | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.3% | +9.8% |
| BRENT | 2025-12-11 | [OPEC Keeps 2026 Oil Supply, Demand Outlook Steady in Latest Report - Bloomberg](https://feedsoft.ai/events/21426-opec-keeps-2026-oil-supply-demand-outlook-steady-in-latest-report-bloomberg.md) | -4.0% | +2.5% |
| BRENT | 2021-05-31 | [OPEC+ JTC keeps 2021 oil demand growth forecast unchanged - Markets - Business Recorder](https://feedsoft.ai/events/47017-opec-jtc-keeps-2021-oil-demand-growth-forecast-unchanged-markets-business.md) | +2.4% | +7.5% |
| BRENT | 2018-02-21 | [IEA, EIA, OPEC differ on 2018 supply, demand growth - BusinessDay NG, TV, and Podcast](https://feedsoft.ai/events/66687-iea-eia-opec-differ-on-2018-supply-demand-growth-businessday-ng-tv-and-podcast.md) | +3.3% | +2.7% |
| WTI | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.4% | +0.7% |
| WTI | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.6% | +7.9% |
| WTI | 2021-08-31 | [OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived - Bloomberg](https://feedsoft.ai/events/45472-opec-sees-2021-oil-deficit-2022-surplus-as-supply-revived-bloomberg.md) | -1.2% | +8.9% |

## Sources

- houseofsaud.com: https://houseofsaud.com/saudi-capacity-audit-1-37m-bpd-gap-opec-nov29/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.