# Major oil exporters agree to keep production steady | AP News

> Major oil exporters agreed on Sunday to keep production steady in November while the Iran war has pushed Brent above $100 a barrel. The group will meet again on November 1 to review market conditions.

- Date: 2026-10-04 · published 2026-10-04T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/17057-major-oil-exporters-agree-to-keep-production-steady-ap-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Holding output flat while Gulf supply is constrained keeps crude prices elevated, which raises the energy and transport costs behind feed ingredients.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-19 | [OPEC considers two scenarios to adjust oil production - Mehr News Agency](https://feedsoft.ai/events/59020-opec-considers-two-scenarios-to-adjust-oil-production-mehr-news-agency.md) | -6.5% | -15.5% |
| 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 | 2026-10-01 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +2.6% | +8.8% |
| BRENT | 2018-03-09 | [OPEC+ seven agree to maintain November production levels](https://feedsoft.ai/events/65936-opec-seven-agree-to-maintain-november-production-levels.md) | +1.0% | +4.8% |
| BRENT | 2024-01-29 | [No changes to oil production policy expected at OPEC+ meeting](https://feedsoft.ai/events/32041-no-changes-to-oil-production-policy-expected-at-opec-meeting.md) | -6.0% | -0.7% |
| WTI | 2019-05-19 | [OPEC considers two scenarios to adjust oil production - Mehr News Agency](https://feedsoft.ai/events/59020-opec-considers-two-scenarios-to-adjust-oil-production-mehr-news-agency.md) | -6.8% | -16.4% |
| 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 | 2026-10-01 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady.md) | -2.3% | +8.7% |

## Sources

- apnews.com: https://apnews.com/article/oil-production-opec-iran-diesel-2b1f98d5fc11048ff65fa93952d86844

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