OPEC+ Likely to Hold November Oil Quotas Steady After 2023 Cut Reversal
Updated
Updated · Bloomberg · Oct 4
OPEC+ Likely to Hold November Oil Quotas Steady After 2023 Cut Reversal
3 articles · Updated · Bloomberg · Oct 4
Summary
Key OPEC+ members are expected to keep crude production quotas unchanged for November when the group meets by video on Sunday, according to two delegates.
Saudi Arabia and Russia are likely to push through the existing roadmap because the alliance has nominally finished unwinding the supply cuts it made in 2023.
The expected decision would leave current output targets intact for another month, signaling policy continuity rather than a fresh supply increase.