# OPEC+ set to keep oil output targets steady, sources say By Reuters

> Seven core OPEC+ members were set to keep oil production targets unchanged for December at a Sunday online meeting, according to sources. Gulf members are raising exports disrupted by the US-Iran war, but most remain well below their targets. The group still has about 2 million bpd of cuts in place through end-2026.

- Date: 2026-11-01 · published 2026-11-01T12:07:46.617Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8862-opec-set-to-keep-oil-output-targets-steady-sources-say-by-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A hold on targets adds no barrels while producers remain below quota, so the supply picture is driven by the Gulf disruption rather than OPEC+ policy. Crude prices stay supported by the geopolitical risk premium.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-10-04 | [OPEC+ agrees to stick to existing oil output plan, sources say \| Reuters](https://feedsoft.ai/events/44443-opec-agrees-to-stick-to-existing-oil-output-plan-sources-say-reuters.md) | +4.6% | +9.9% |
| WTI | 2025-09-26 | [OPEC+ is poised to slip further below oil output target \| Reuters](https://feedsoft.ai/events/22774-opec-is-poised-to-slip-further-below-oil-output-target-reuters.md) | -6.6% | -4.8% |
| WTI | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -6.4% | -1.1% |
| WTI | 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) | +0.1% | -3.2% |
| 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% |
| BRENT | 2021-10-04 | [OPEC+ agrees to stick to existing oil output plan, sources say \| Reuters](https://feedsoft.ai/events/44443-opec-agrees-to-stick-to-existing-oil-output-plan-sources-say-reuters.md) | +3.7% | +5.5% |
| BRENT | 2025-09-26 | [OPEC+ is poised to slip further below oil output target \| Reuters](https://feedsoft.ai/events/22774-opec-is-poised-to-slip-further-below-oil-output-target-reuters.md) | -7.4% | -5.4% |
| BRENT | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -7.1% | -0.9% |

## Sources

- 24-ore.com: https://24-ore.com/en/opec-expected-to-keep-november-oil-production-targets-unchanged-reuters-says/
- live.euronext.com: https://live.euronext.com/en/financial-news/opec-set-keep-oil-output-targets-steady-sources-say
- pressofasia.com: https://pressofasia.com/opec-plus-december-2026-output-unchanged-asia-oil-prices/
- channelnewsasia.com: https://www.channelnewsasia.com/business/opec-set-keep-oil-output-targets-steady-sources-say-6510756
- enerdata.net: https://www.enerdata.net/publications/daily-energy-news/opec-maintains-crude-oil-production-targets-december-2026.html
- euro-petrole.com: https://www.euro-petrole.com/saudi-arabia-russia-iraq-kuwait-kazakhstan-algeria-and-oman-reaffirm-commitment-to-market-stability-n-i-30881
- geopoliticsalpha.com: https://www.geopoliticsalpha.com/news/opec-to-keep-december-oil-output-targets-unchanged-30b39579-31bc-4488-9e0e-50dcd237c14e
- ilkha.com: https://www.ilkha.com/dunya/opec+-kasim-ayinda-uretim-kotalarini-koruyacak-566731
- investing.com: https://www.investing.com/news/commodities-news/opec-set-to-keep-oil-output-targets-steady-sources-say-4989496
- petroleumprice.ng: https://www.petroleumprice.ng/news/articles/opec-extends-production-pause-keeps-december-oil-output-targets-unchanged
- qatar-tribune.com: https://www.qatar-tribune.com/article/262038/business/opec-set-to-keep-dec-oil-output-targets-unchanged
- tunisienumerique.com: https://www.tunisienumerique.com/marche-mondial-du-petrole-la-decision-de-sept-pays-de-lopep-pour-decembre/
- yatirimmasasi.com: https://yatirimmasasi.com/en/news/7-opec-producers-maintain-december-output-targets/

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