OPEC+ set to keep December oil output targets unchanged, focus shifts to 2027 quotas

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Oct 4, 2026OPEC+ agrees to keep November oil output targets steady+0.8%
• Oct 1, 2026OPEC+ agrees to keep November oil output targets steady-2.3%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.8%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.1%
• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-2.1%

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Oct 1, 2026OPEC+ agrees to keep November oil output targets steady+2.6%
• Oct 4, 2026OPEC+ agrees to keep November oil output targets steady-0.9%
• Aug 30, 2021OPEC+ likely to keep oil output policy from September unchanged, sources say | Reuters+0.5%
• Dec 4, 2022Algeria says OPEC+ decision to keep output unchanged appropriate-11.4%
• Oct 28, 2026Opec+ agrees in principle to keep oil output targets steady in December, sources say - The Business Times-4.7%