# OPEC+ seven agree to maintain November production levels

> 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.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/65936-opec-seven-agree-to-maintain-november-production-levels
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.9% | -1.0% |
| BRENT | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | -0.9% | +2.2% |
| BRENT | 2022-08-03 | [Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg](https://feedsoft.ai/events/39947-oil-prices-opec-agrees-to-raise-production-next-month-at-much-slower-pace.md) | -3.4% | -4.0% |
| BRENT | 2026-10-04 | [Major oil exporters agree to keep production steady \| AP News](https://feedsoft.ai/events/17057-major-oil-exporters-agree-to-keep-production-steady-ap-news.md) | -0.9% | +2.2% |
| 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% |
| WTI | 2021-10-05 | [OPEC+ maintains its production policy for November – EnergyScan](https://feedsoft.ai/events/44448-opec-maintains-its-production-policy-for-november-energyscan.md) | +3.8% | +8.3% |
| WTI | 2020-09-18 | [OPEC JMMC asks members to maintain status quo on production quotas](https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas.md) | -2.0% | -0.3% |
| WTI | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | +0.8% | +8.4% |

## Sources

- tradearabia.com: https://www.tradearabia.com/News/487447/OPEC-seven-agree-to-maintain-November-production-levels

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