Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman to retain combined output of 31.01 million barrels per day….
The seven OPEC+ members that had previously introduced additional voluntary production adjustments will keep their September 2026 output levels unchanged in October, as the group continues to monitor developments in the global oil market.
The decision was reached during a virtual meeting involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, which reviewed current market conditions and the outlook for crude oil supply and demand.
In a statement issued after the meeting, the Organisation of the Petroleum Exporting Countries (OPEC) said the seven countries agreed to maintain their required production levels for September through October 2026.
Together, the producers are expected to pump about 31.01 million barrels of crude per day during the month.
Saudi Arabia’s October production level stands at 10.49 million barrels per day, while Russia is allocated 9.95 million barrels per day.
Iraq’s output is set at 4.43 million barrels per day, with Kuwait allocated 2.68 million barrels per day. Kazakhstan will produce 1.63 million barrels per day, while Algeria and Oman have production levels of 1.01 million and 841,000 barrels per day respectively.
OPEC said the seven countries also reaffirmed their commitment to achieving full conformity with the Declaration of Cooperation, which guides the broader OPEC+ production agreement.
The organisation added that the countries would continue to meet monthly to assess market developments and determine whether adjustments are required.
“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.
The next meeting of the seven producers is scheduled for October 4, 2026.
The latest decision follows a series of monthly production increases that brought the gradual reversal of earlier voluntary output cuts to completion.
By keeping production unchanged for October, the Saudi-led alliance is adopting a cautious position as producers contend with global supply uncertainties and elevated crude oil prices.
Nigeria, although an OPEC member, is not part of the seven-country arrangement. The country’s current OPEC production quota remains at 1.5 million barrels per day.
