OPEC+ Countries Stick to Unchanged Oil Production Quotas in November

Seven OPEC+ countries have agreed to maintain their current oil production quotas for November. According to Report, citing OPEC, Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Algeria will keep their daily oil output unchanged from the levels set for September and October.

The quotas for these countries are as follows: Russia at 9.949 million barrels per day, Saudi Arabia at 10.478 million barrels per day, Iraq at 4.431 million barrels per day, Kuwait at 2.676 million barrels per day, Kazakhstan at 1.628 million barrels per day, Algeria at 1.007 million barrels per day, and Oman at 841,000 barrels per day.

These countries have committed to voluntary oil production cuts, with the next meeting scheduled for November 1.