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OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say
OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say
*OPEC+ LIKELY TO STICK WITH PLAN FOR STEADY QUOTAS: DELEGATES
OPEC+ MEMBERS LED BY SAUDI ARABIA AND RUSSIA ARE LIKELY TO KEEP CRUDE PRODUCTION QUOTAS UNCHANGED FOR NOVEMBER, WITH DELEGATES EXPECTING THE GROUP TO RATIFY ITS EXISTING ROADMAP AT SUNDAY’S MEETING.
MILLIONS OF BARRELS OF MIDDLE EASTERN PRODUCTION REMAIN OFFLINE DESPITE REBOUNDING FLOWS, WHILE OPEC+ MEMBERS FACE CAPACITY LIMITATIONS FROM UNDERINVESTMENT, SANCTIONS AND OUTAGES; THE GROUP’S 2027 POLICY WILL DEPEND ON A PRODUCTION-CAPACITY REVIEW DUE THIS WEEK.
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OPEC + underproduces for the 14th consecutive month
OPEC’s grip on the global oil market is weakening. With the UAE already out and Venezuela mulling its options, Saudi Arabia’s influence is being diluted, shifting more oil-market power to the US
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OPEC further lowers 2026 global oil demand growth forecast
OPEC further lowers 2026 global oil demand growth forecast
OPEC Further Cuts This Year’s Oil-Demand Growth Forecast
OPEC Raises 2027 Global Oil Demand Growth Forecast To 2.36 Million BPD (Prev. Forecast 2.16 Million BPD) – RTRS Cites Monthly Report
- OPEC+ Crude Output (Including Former Member UAE) Averaged 38.05 Million BPD In August 2026, Up About 300,000 BPD From July
- Cuts 2026 Global Oil Demand Growth Forecast To 380,000 Barrels Per Day (Prev. Forecast 580,000 BPD)
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