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OPEC+ expected to keep December output targets unchanged while preparing 2027 quotas

FinanceInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

OPEC+ countries will likely keep their December production targets unchanged at Sunday's virtual meeting, according to three people cited by Reuters, as the group turns its attention to negotiations on 2027 quotas. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman will take part. The expectation comes as Gulf producers raise exports after months of disruptions linked to the conflict in Iran, though most continue producing below their targets. The sources said no final decision has been made.

In 35 seconds

  • Three sources cited by Reuters see it as likely that OPEC+ will keep its December production targets.
  • The meeting will be held virtually on Sunday with Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
  • The group is beginning negotiations on production quotas for 2027.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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