OPEC+ group reportedly plans no change to December output quotas
Seven OPEC+ countries have reportedly agreed in principle to hold December output targets flat, Reuters said citing a source ahead of Sunday's meeting.
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what happened
Reuters, citing a source familiar with the matter, reports that seven members of the OPEC+ alliance have tentatively agreed to keep their December output targets unchanged. The group is scheduled to meet on Sunday. The information comes from one unnamed source, and no official statement has been issued yet.
why it matters
Holding quotas steady means these producers will not add extra barrels to the market in December, which limits the supply increase traders might otherwise have priced in. The official decision after Sunday's meeting will be the key event to watch.
market impact
Oil: no quota increase limits extra supply, a factor supportive for Brent and WTI
- Brent pressure up — no quota increase limits extra supply expected in December
tags
instruments
sources
- OPEC+ set to keep production targets unchanged in December, source says — Reuters, 31 October 2026 at 16:34 UTC
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