OPEC+ plans steady oil output in November

OPEC+ countries are heading towards maintaining their oil production targets in November without any changes, while monitoring market developments and Gulf supplies—especially after regional exports increased due to the impact of the war with Iran. This comes as part of the group's efforts to analyze future production capabilities and assess the 2027 quotas, following the gradual removal of the supply cuts that had been in place since early 2023. The group will hold meetings to review the market and outline upcoming plans, even though most producers are still pumping below their target production levels, despite improved Gulf supplies.

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