# OPEC+ keeps December oil output targets steady ahead of tougher call for 2027 - CNA

> OPEC+ kept December 2026 oil production targets unchanged at an online meeting of seven core members on Sunday. Analysts said the more important decision on 2027 quotas will come at a November 29 ministerial meeting. Brent settled near $118 on Friday, its highest since April, as traders priced in possible escalation in the Iran war.

- Date: 2026-11-01 · published 2026-11-01T18:08:37.491Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29368-opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-cna
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Unchanged targets add no barrels while Gulf exports remain disrupted and most members pump below quota, so near-term supply is not expanded. Attention shifts to 2027 quotas, where forecasters warn of excess supply, which could weigh on crude and related energy-linked feed costs later.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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% |
| WTI | 2023-02-01 | [OPEC+ keeps output steady amid uncertainty on China and Russia](https://feedsoft.ai/events/37228-opec-keeps-output-steady-amid-uncertainty-on-china-and-russia.md) | -2.2% | -1.7% |
| 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 | 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% | — |

## Sources

- au.investing.com: https://au.investing.com/news/commodities-news/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-4731958
- ca.investing.com: https://ca.investing.com/news/commodities-news/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-4920344
- nypost.com: https://nypost.com/2026/11/01/business/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027/
- ainvest.com: https://www.ainvest.com/news/barrels-real-meaning-opec-holding-december-quotas-flat-2611/
- channelnewsasia.com: https://www.channelnewsasia.com/business/opec-keeps-december-oil-output-targets-steady-ahead-tougher-call-2027-6510756
- engineeringnews.co.za: https://www.engineeringnews.co.za/article/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-2026-11-02
- marketscreener.com: https://www.marketscreener.com/news/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-ce785fd8dd88f424
- moneycontrol.com: https://www.moneycontrol.com/world/opec-keeps-december-oil-output-targets-steady-ahead-of-tougher-call-for-2027-article-14065596.html
- wsj.com: https://www.wsj.com/business/energy-oil/opec-allies-keep-output-steady-while-gulf-shipping-remains-under-threat-c1d14171

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