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Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman reaffirmed their commitment to market stability after a virtual meeting on October 4, 2026. The group agreed to keep September 2026 required production levels for November 2026.
The next meeting is scheduled for November 1, 2026.
Holding output flat leaves crude supply unchanged, so it has little direct effect on energy input costs for feed producers. The decision was widely expected.
tradearabia.comRIYADHMar 9, 2018After 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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
