# OPEC+ Holds December Output Targets Steady; 2027 Quotas to Be Set at End-November

> OPEC+ core members decided at a Sunday online meeting to keep December oil production targets unchanged, as expected by the market. Further policy changes were deferred to next year, and a full 21-country group meeting is scheduled for November 29 to set 2027 quotas.

- Date: 2026-11-03 · published 2026-11-04T00:54:52.144Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/78896-opec-holds-december-output-targets-steady-2027-quotas-to-be-set-at-end-november
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Most Gulf members are producing well below target because the Iran war has disrupted exports, so unchanged targets do little to add supply. Analysts warn of a possible 2027 surplus if Gulf flows recover, which would weigh on crude prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-10-28 | [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) | -4.7% | — |
| BRENT | 2026-10-05 | [OPEC+ Holds November Quota at 31.01 Million Barrels Daily \| Investing.com](https://feedsoft.ai/events/17060-opec-holds-november-quota-at-31-01-million-barrels-daily-investing-com.md) | -0.9% | +2.2% |
| BRENT | 2026-01-04 | [OPEC+ keeps oil output steady amid turmoil among members \| Reuters](https://feedsoft.ai/events/20967-opec-keeps-oil-output-steady-amid-turmoil-among-members-reuters.md) | +4.7% | +16.5% |
| 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 | 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 | 2026-10-28 | [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% | — |

## Sources

- technice.com.tw: https://www.technice.com.tw/technology/energy/329738/

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