# OPEC+ agrees to keep November oil output targets steady

> OPEC+ agreed to keep oil production targets steady for November at a Sunday meeting of seven core members. Output remains about 5 million bpd below prewar levels, and any changes are unlikely before 2027. The Iran war has also delayed the capacity review needed to set 2027 quotas.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A hold on targets adds no new barrels to a market already tight from Gulf export disruptions, so the decision is supportive for crude and diesel costs that feed into freight and feed processing.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | -0.9% | +2.2% |
| BRENT | 2026-10-28 | [Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times](https://feedsoft.ai/events/4126-opec-agrees-in-principle-to-keep-oil-output-targets-steady-in-december-sources.md) | -4.7% | — |
| BRENT | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +4.7% | +16.5% |
| BRENT | 2023-11-30 | [OPEC+ agrees to voluntary oil output cuts - Business & Finance - Business Recorder](https://feedsoft.ai/events/33089-opec-agrees-to-voluntary-oil-output-cuts-business-and-finance-business-recorder.md) | -10.5% | -5.2% |
| BRENT | 2026-01-04 | [OPEC+ Sticks With Plan to Keep Oil Flow Steady Amid Turmoil - Bloomberg](https://feedsoft.ai/events/20968-opec-sticks-with-plan-to-keep-oil-flow-steady-amid-turmoil-bloomberg.md) | +4.7% | +16.5% |
| WTI | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +0.8% | +8.4% |
| WTI | 2026-10-28 | [Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times](https://feedsoft.ai/events/4126-opec-agrees-in-principle-to-keep-oil-output-targets-steady-in-december-sources.md) | -2.1% | — |
| WTI | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +3.1% | +7.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-agrees-principle-keep-november-oil-output-targets-steady-sources-say-2026-10-04/

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