# OPEC's November 2026 Oil Market Report: Production Cuts, Compliance and Demand Forecast

> OPEC's November report said OPEC+ members participating in the production agreement increased output by 1.94 million barrels per day in October. Saudi Arabia, Iraq and Kuwait recorded the largest increases among the named producers, while the report also noted that the alliance's October output remained below its quota excluding compensation adjustments.

- Date: 2026-11-11 · published 2026-11-11T15:32:54.054Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93790-opec-s-november-2026-oil-market-report-production-cuts-compliance-and-demand
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher production adds crude supply and may weigh on oil prices, while output below quota limits the size of that bearish pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-11-14 | [Oil Market Report - November 2024 - IEA](https://feedsoft.ai/events/27587-oil-market-report-november-2024-iea.md) | +0.7% | +2.2% |
| WTI | 2025-11-13 | [Oil Market Report - November 2025 - IEA](https://feedsoft.ai/events/22111-oil-market-report-november-2025-iea.md) | +1.6% | -2.2% |
| WTI | 2018-03-09 | [Opec forecasts balanced oil market by 2026](https://feedsoft.ai/events/65937-opec-forecasts-balanced-oil-market-by-2026.md) | +1.7% | +3.2% |
| WTI | 2018-11-13 | [Oil Market Report - November 2018 - IEA](https://feedsoft.ai/events/11336-oil-market-report-november-2018-iea.md) | -4.8% | -13.7% |
| WTI | 2022-11-14 | [OPEC Cuts Oil Demand Outlook as It Starts to Curb Production - Bloomberg](https://feedsoft.ai/events/38586-opec-cuts-oil-demand-outlook-as-it-starts-to-curb-production-bloomberg.md) | -10.1% | -18.0% |
| BRENT | 2025-11-13 | [Oil Market Report - November 2025 - IEA](https://feedsoft.ai/events/22111-oil-market-report-november-2025-iea.md) | +2.2% | +0.6% |
| BRENT | 2024-11-14 | [Oil Market Report - November 2024 - IEA](https://feedsoft.ai/events/27587-oil-market-report-november-2024-iea.md) | +1.4% | +1.9% |
| BRENT | 2018-03-09 | [Opec forecasts balanced oil market by 2026](https://feedsoft.ai/events/65937-opec-forecasts-balanced-oil-market-by-2026.md) | +1.0% | +4.8% |

## Sources

- finance.mail.ru: https://finance.mail.ru/article/opek-predstavila-noyabrskij-otchet-po-neftyanomu-rynku-69236788/

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