# OPEC+ Keeps December Oil Targets Unchanged as Brent Hovers Near Six-Month High: Report

> OPEC+ agreed in principle to keep December 2026 oil output targets unchanged, as reported by Reuters citing three sources. Seven core members, including Saudi Arabia and Russia, met online, and the outcome matched expectations of no policy changes until next year. Gulf producers are pumping below quotas due to Iran war disruptions.

- Date: 2026-11-01 · published 2026-11-01T06:08:57.203Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/4139-opec-keeps-december-oil-targets-unchanged-as-brent-hovers-near-six-month-high
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Holding targets steady is widely expected, so the decision changes little in the near term. Gulf output that remains below quota limits how much extra supply the group can add, which keeps the market tight and supports crude prices.

## 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 | 2026-10-01 | [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 | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.5% | +7.3% |
| 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 | 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% | — |
| 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 | 2021-08-30 | [OPEC+ likely to keep oil output policy from September unchanged, sources say \| Reuters](https://feedsoft.ai/events/45470-opec-likely-to-keep-oil-output-policy-from-september-unchanged-sources-say.md) | +0.8% | +9.7% |

## Sources

- benzinga.com: https://www.benzinga.com/markets/commodities/26/10/62765251/opec-plus-keeps-december-oil-output-targets-unchanged

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