Seven of the world’s largest oil-exporting countries agreed on October 4, 2026, to maintain their baseline production levels for November. This decision comes as fuel prices remain elevated amid the ongoing conflict in Iran. The group, known as OPEC+, includes Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, and Saudi Arabia. They decided to keep the oil production levels that were established in September.
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Major Oil Exporters to Maintain Production Levels in November
On October 4, 2026, seven major oil-exporting countries agreed to maintain their production levels for November. The decision was made as fuel prices continue to be high due to the conflict in Iran.
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Large oil exporters agree to continue consistent production in November
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Major Oil Exporters to Maintain Production Levels in November