# Opec+ holds December oil output steady amid rising Gulf shipping threats

> OPEC+ kept its December oil output targets unchanged, with the decision taken by a group of seven producers. The move comes as Gulf shipping threats and Middle East tensions persist.

- Date: 2026-11-02 · published 2026-11-02T21:18:49.461Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/76096-opec-holds-december-oil-output-steady-amid-rising-gulf-shipping-threats
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Holding output steady leaves supply tight while Gulf shipping risks remain, supporting crude prices and raising energy and freight costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.2% | +3.6% |
| BRENT | 2019-11-04 | [OPEC+ might cut output after December meeting \| Report.az](https://feedsoft.ai/events/55957-opec-might-cut-output-after-december-meeting-report-az.md) | +2.2% | +4.2% |
| BRENT | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +12.0% | +18.6% |
| BRENT | 2017-03-01 | [Oil rises as Opec sticks to output pledges, rising US production cap gains](https://feedsoft.ai/events/72159-oil-rises-as-opec-sticks-to-output-pledges-rising-us-production-cap-gains.md) | +1.5% | -6.3% |
| BRENT | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +2.8% | -0.3% |
| WTI | 2024-10-30 | [OPEC+ could delay December oil output hike, sources say](https://feedsoft.ai/events/27766-opec-could-delay-december-oil-output-hike-sources-say.md) | +7.1% | +2.3% |
| WTI | 2019-11-04 | [OPEC+ might cut output after December meeting \| Report.az](https://feedsoft.ai/events/55957-opec-might-cut-output-after-december-meeting-report-az.md) | +1.8% | -0.2% |
| WTI | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +9.3% | +3.6% |

## Sources

- upstreamonline.com: https://www.upstreamonline.com/politics/opec-holds-december-oil-output-steady-amid-rising-gulf-shipping-threats/2-1-2067275

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