# Crude Tensions: OPEC+ To Keep Oil Targets Unchanged As Iran War Curbs Gulf Supply

> OPEC+ is expected to keep its fourth-quarter production targets unchanged, according to Reuters sources, at an online meeting of seven members on November 1. The group is expected to hold output until it reviews 2027 quotas, after completing the reversal of its 1.65 million bpd cuts in September.

- Date: 2026-11-01 · published 2026-11-01T06:08:45.759Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4130-crude-tensions-opec-to-keep-oil-targets-unchanged-as-iran-war-curbs-gulf-supply
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Holding targets steady keeps supply policy predictable, but Gulf members are still producing below quota due to the Iran war. Price direction will depend on how fast disrupted Gulf exports recover.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.1% | -3.8% |
| WTI | 2022-12-04 | [Algeria says OPEC+ decision to keep output unchanged appropriate](https://feedsoft.ai/events/38141-algeria-says-opec-decision-to-keep-output-unchanged-appropriate.md) | -11.1% | -3.8% |
| 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 | 2017-08-03 | [OPEC supply-cut compliance runs up against ire over country targets](https://feedsoft.ai/events/69358-opec-supply-cut-compliance-runs-up-against-ire-over-country-targets.md) | -0.0% | -7.3% |
| BRENT | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.4% | -5.6% |
| BRENT | 2022-12-04 | [Algeria says OPEC+ decision to keep output unchanged appropriate](https://feedsoft.ai/events/38141-algeria-says-opec-decision-to-keep-output-unchanged-appropriate.md) | -11.4% | -5.6% |
| 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% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/world/crude-tensions-opec-to-keep-oil-targets-unchanged-as-iran-war-curbs-gulf-supply-12265935

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