OPEC+ Countries Maintain Oil Production Levels Unchanged for October

OPEC+ countries, including Saudi Arabia and Russia, have maintained their oil production levels for October at September's numbers. The decision was made during a virtual meeting on Sunday.

The seven participating countries reviewed global market conditions and the outlook before reaffirming their commitment to market stability and compliance with the group's production agreement.

Russia's quota for October will remain at 9,949 million barrels per day, while Saudi Arabia's will be 10,478 million barrels per day. The combined OPEC+ quota for October, excluding compensation volumes, will stand at 31.01 million barrels per day.