OPEC+ likely to keep November oil production targets steady as talks continue

Sources close to the OPEC+ talks say the group is expected to leave its November oil production targets unchanged when it meets on Sunday. Gulf members have been delivering reduced export volumes, and the capacity review that will determine future quotas remains delayed amid uncertainty over production potential. The seven core OPEC+ members raised output to 25 million barrels per day in August, which is about 5 million barrels per day below the levels seen before the conflict began in February. The alliance continues to enforce its current output limits, a factor that influences global fuel prices and economic stability.