OPEC+ Expected to Keep November Oil Output Targets Unchanged

OPEC+ is expected to leave its oil production targets unchanged for November, three informed sources said on Sunday ahead of an alliance meeting.

The expected decision comes as the oil-producing group continues to grapple with the fallout from export disruptions caused by the Iran war.

Keeping the targets steady would mean no change to the alliance’s planned production levels for November. Those targets do not necessarily reflect how much oil can be exported amid the disruption.

The sources’ account signals the likely outcome of the upcoming talks, rather than a formally announced decision by the alliance.