OPEC+ keeps December oil output targets steady

OPEC+ decided to keep December oil production targets steady during an online meeting on Sunday. Seven core members left quotas unchanged while managing export disruptions from the ongoing Iran conflict. The group faces a challenging decision regarding 2027 production frameworks later this month.

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OPEC logo is seen in this illustration taken June 25, 2026. REUTERS/Dado Ruvic/Illustration

OPEC+ kept December production targets steady on Sunday, confirming expectations that adjustments will wait until next year amid ongoing export disruptions from the war involving Iran.