OPEC+ expected to keep December output targets unchanged while preparing 2027 quotas
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.
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.




Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.