Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman have reaffirmed their commitment to supporting stability in global oil markets following a virtual meeting on October 4, 2026.
The seven OPEC+ countries, which previously announced
additional voluntary production adjustments in April and November 2023,
reviewed global market conditions and the outlook.
The group agreed to maintain September 2026 required
production levels for November 2026, in line with the agreed production
framework.
The countries also reiterated their collective commitment to
achieving full conformity with the Declaration of Cooperation.
The seven producers will continue to meet monthly to assess
market conditions, with their next meeting scheduled for November 1, 2026. -OGN/TradeArabia News Service
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