Seven OPEC+ countries, including Kazakhstan, to maintain current oil production levels in November
Tengrinews.kz - Seven OPEC+ member countries have decided to maintain their current production levels in November, the organization’s press service reported.
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman reaffirmed their commitment to ensuring market stability, the statement said.
The countries held a virtual meeting on October 4, 2026, to review global market conditions and the outlook.
“The seven participating countries decided to maintain September 2026 required production for November 2026 as detailed in the table below... The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation,” the organization said.
Kazakhstan will produce 1.628 million barrels of oil in November.
Oil production quotas for November are as follows (in millions of barrels):
The next OPEC+ meeting will be held on November 1, 2026.
Earlier, it was reported that seven OPEC+ countries, including Kazakhstan, had decided to increase oil production in August 2026.
