OPEC+ Maintains October Oil Production Levels

Sep 7, 2026

55 min

Sep 7, 2026 02:30

OPEC+ keeps October oil output quota unchanged from September levels

## OPEC+ Decision on Oil Output

Seven OPEC+ member countries have decided to keep their oil production levels for October 2026 unchanged from September. This decision was made during a virtual meeting where the countries assessed the current global oil market conditions.

## Participating Countries

The countries involved in this decision include Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. These nations have reaffirmed their commitment to maintaining market stability and adhering to the group's production agreement.

## Production Quotas

For October, Russia's oil production quota is set at 9.949 million barrels per day, while Saudi Arabia's is 10.478 million barrels per day. Iraq, Kuwait, Kazakhstan, Algeria, and Oman have their quotas set at 4.431, 2.676, 1.628, 1.007 million barrels per day, and 841,000 barrels per day, respectively. The total combined quota for these countries stands at 31.01 million barrels per day.

## Ongoing Monitoring

The group has committed to monthly meetings to review market conditions and adjust production levels as necessary. The next meeting is scheduled for October 4, where they will reassess the situation and make further decisions if needed.

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