OPEC+ seven nations keep oil output steady for second month
This digest was compiled by AI from multiple sources — links to the originals are below.
Seven OPEC+ countries, including Kazakhstan, agreed on October 4 to keep oil production at September levels through November 2026. The virtual meeting reaffirmed their collective commitment to the Declaration of Cooperation. Kazakhstan raised output by 10,000 barrels per day in September compared to August.
Key Facts
- Seven OPEC+ countries decided on October 4 to keep oil production at the level needed to fulfill the September 2026 plan through November 2026.
- Kazakhstan increased oil production by 10,000 barrels per day in September compared to August.
- The next monthly meeting of the seven OPEC+ countries is scheduled for November 1.
- The seven countries reaffirmed their collective commitment to full compliance with the Declaration of Cooperation.
Production Decision
Seven OPEC+ countries held a virtual meeting on October 4 to discuss global oil market conditions and prospects. The participants decided to maintain the production volume required to fulfill the September 2026 plan at the November 2026 level. The seven countries reaffirmed their collective commitment to full compliance with the Declaration of Cooperation.
Kazakhstan Output
Kazakhstan increased oil production by 10,000 barrels per day in September compared to August. The country is among the seven OPEC+ members that previously announced additional voluntary adjustments in April and November 2023.
Next Steps
The seven OPEC+ countries will continue to hold monthly meetings to analyze market conditions. The next meeting is scheduled for November 1.
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