# OPEC+ to Keep December Oil Output Target at Current Levels

> Seven key OPEC+ producers said after an online meeting they would keep December output unchanged. Further policy changes are expected to be deferred until the November 29 ministerial meeting.

- Date: 2026-11-01 · published 2026-11-02T21:18:50.113Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/76102-opec-to-keep-december-oil-output-target-at-current-levels
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The deferral of policy changes to late November keeps supply uncertainty in place, supporting crude prices into the period.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-12-05 | [OPEC, allies agree to deepen oil output cuts](https://feedsoft.ai/events/55490-opec-allies-agree-to-deepen-oil-output-cuts.md) | +0.7% | +7.4% |
| 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 | 2023-04-02 | [Oil leaps 6% as OPEC+ shocks markets by cutting output target](https://feedsoft.ai/events/7946-oil-leaps-6-as-opec-shocks-markets-by-cutting-output-target.md) | +7.4% | +1.0% |
| 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 | 2023-10-04 | [Opec+ sticks to current output policy after oil price rally \| The National](https://feedsoft.ai/events/33522-opec-sticks-to-current-output-policy-after-oil-price-rally-the-national.md) | -3.8% | -6.0% |
| WTI | 2019-12-05 | [OPEC, allies agree to deepen oil output cuts](https://feedsoft.ai/events/55490-opec-allies-agree-to-deepen-oil-output-cuts.md) | +0.5% | +4.7% |
| 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 | 2023-04-02 | [Oil leaps 6% as OPEC+ shocks markets by cutting output target](https://feedsoft.ai/events/7946-oil-leaps-6-as-opec-shocks-markets-by-cutting-output-target.md) | +5.4% | -0.0% |

## Sources

- en.fnnews.com: https://en.fnnews.com/news/202611020458324248

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