ASTANA – Seven OPEC+ countries, including Kazakhstan, have agreed to maintain oil production levels in December 2026 at the levels set for September, according to a statement published by the organization.
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Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman held an online meeting on Nov. 1 to review developments in the global oil market and its outlook. The seven countries had previously announced additional voluntary production adjustments in April and November 2023.
Following the meeting, participants agreed to maintain their September 2026 production levels for December, according to the table published in the organization’s statement. The countries also reaffirmed their commitment to fully comply with the terms of the Declaration of Cooperation, which underpins coordination among OPEC+ members.
The seven countries will continue to hold monthly meetings to review global oil market conditions. Their next meeting is scheduled for Nov. 29.
