# OPEC+ set to keep production targets unchanged in December, source says | Business | lufkindailynews.com

> Seven OPEC+ producers meeting on Sunday have reached an agreement in principle to keep their production targets unchanged for December, according to a Reuters source. The report relies on a single unnamed source.

- Date: 2026-10-31 · published 2026-11-01T06:14:53.988Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/4506-opec-set-to-keep-production-targets-unchanged-in-december-source-says-business
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

An unchanged target means no new supply change for December, so the price effect is limited. Crude markets will focus on Gulf exports recovering from the Iran war disruption.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| 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 | 2017-03-21 | [OPEC's Oil Production Agreement Having Unintended Effects, Goldman Says - Business Insider](https://feedsoft.ai/events/72160-opec-s-oil-production-agreement-having-unintended-effects-goldman-says-business.md) | -1.4% | +9.4% |
| WTI | 2022-03-31 | [OPEC votes to stop using IEA production data to assess quota compliance: sources \| S&P Global](https://feedsoft.ai/events/42177-opec-votes-to-stop-using-iea-production-data-to-assess-quota-compliance-sources.md) | -10.6% | -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 | 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 | 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% |

## Sources

- lufkindailynews.com: https://lufkindailynews.com/news_reuters/business/opec-set-to-keep-production-targets-unchanged-in-december-source-says/article_39b50598-d577-59de-ba02-12f6360b0655.html

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