OPEC+ keeps November oil production targets steady

OPEC+ agreed to keep November oil production targets steady during a meeting on Sunday. Core members continue pumping below quotas amid ongoing export disruptions.

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FILE PHOTO: A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/File Photo

OPEC+ agreed to keep November oil output targets steady during a meeting on Sunday, maintaining current production levels amid ongoing export disruptions. The decision aligns with market expectations that further policy adjustments will likely wait until next year. The move keeps supply tight as regional conflicts continue to restrict actual shipments from key producers.

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