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

> OPEC+ producers have agreed in principle to keep December production targets unchanged, with the focus moving to setting 2027 quotas. The seven core members meet Sunday, and Gulf producers are raising exports disrupted by the Iran war but remain below their targets.

- Date: 2026-10-31 · published 2026-11-01T06:14:54.038Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/4507-opec-set-to-keep-december-oil-output-targets-unchanged-focus-shifts-to-2027
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The pause in policy changes means no new barrels are added or removed in December, so crude prices are likely to stay near current levels. The 2027 quota talks are the next potential source of supply change.

## 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 | 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 | 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% | — |
| 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 | 2026-10-04 | [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 | 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% |

## Sources

- indianeconomicobserver.com: https://www.indianeconomicobserver.com/news/opec-set-to-keep-december-oil-output-targets-unchanged-focus-shifts-to-2027-quotas20261101084752/
- thefortunepost.com: https://www.thefortunepost.com/business-finance/opec-plus-december-oil-output-targets-unchanged-2026/

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