Riyadh:The seven OPEC+ countries of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman held a virtual meeting to discuss global market conditions and future outlook.
According to Saudi Press Agency, these countries had previously announced additional voluntary adjustments in April and November 2023.
The meeting, which took place on October 4, 2026, resulted in a decision to maintain the required production levels from September 2026 for November 2026.
The nations reiterated their commitment to full conformity with the Declaration of Cooperation. They also agreed to continue holding monthly meetings to review market conditions, with the next meeting scheduled for November 1, 2026.