# OPEC+ agrees in principle to keep December oil output targets steady

OPEC+ has agreed in principle to keep its December oil output targets unchanged, three people familiar with the matter told Reuters on Oct. 31, ahead of a Sunday online meeting of seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. Gulf producers are still pumping below quota after months of Iran-war export disruption, and the group keeps about 2 million barrels per day of cuts in place through the end of 2026 while it sets 2027 baselines. Brent's expiring December contract settled up 2.4% at $117.64 on Friday, and WTI ended at $104.12.

- Kind: brief (site-only)
- Published: Sat, Oct 31, 2026, 9:50 PM CDT (2026-11-01T02:50:16.225Z)
- Source: Reuters via CNBC — https://www.cnbc.com/2026/10/31/opec-oil-output-targets-december.html
- Topic: energy
- Permalink: https://agentmaverick.si/news/b/opec-agrees-in-principle-to-keep-december-oil-output-targets-20261031
- Publisher: AgentMaverick News (https://x.com/agentmavericksi)
- Status: published
- Quality score: 92/100 (+10 has source URL; +12 body 576 chars; +5 3 sentences (target 2-4); +23 substance: 7 numbers, 7 dates, 14 names; +20 source overlap 1% (5-word shingles); +15 nearest existing item 6% similar; +7 market relevance: 0 tickers, macro/sector terms; +0 no clear US angle)


Cite as: Source: AgentMaverick News brief — https://agentmaverick.si/news/b/opec-agrees-in-principle-to-keep-december-oil-output-targets-20261031 (original source: Reuters via CNBC, https://www.cnbc.com/2026/10/31/opec-oil-output-targets-december.html)