OPEC+ nations including Kazakhstan maintain November 2026 oil production levels

Kazakhstan and six other OPEC+ nations have agreed to keep their oil production levels steady for November 2026, following a virtual meeting on October 4. The participants, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, reviewed global oil market conditions and confirmed their commitment to the production adjustments outlined under the OPEC+ framework.

The countries decided to maintain their September 2026 production levels for November 2026, ensuring compliance with the Declaration of Cooperation. This agreement aims to coordinate supply among participating producers and monitor developments in the international oil market.

Kazakhstan, along with the other nations, reaffirmed its dedication to the OPEC+ production targets. The group will continue assessing market conditions and the implementation of their production commitments, with the next meeting scheduled for November 1, 2026.