# OPEC+ core members keep December oil output targets unchanged as Gulf exports stay disrupted

Source: Searchable (https://searchable.pk/news/markets/opec-core-members-keep-december-oil-output-targets-unchanged-as-gulf-exports)
Type: News article
Author: Searchable Editorial
Published: 1 Nov 2026
Updated: 1 Nov 2026
Retrieved: 1 Nov 2026

> Policy changes are not expected before 2027 quota talks. Most Gulf producers are still pumping below their targets.

OPEC+ was set to leave its oil production targets unchanged for December at an online meeting on Sunday 1 November, Business Recorder reported, citing Reuters. Three people with knowledge of the matter said the seven core members agreed in principle on Saturday.

## The key points

- The seven core members are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. The meeting began at 1200 GMT (5pm PKT).
- Gulf members have been raising exports that the US-Iran war has disrupted for months, but most still pump well below their targets.
- OPEC+ raised targets for much of 2026 and in September completed the phased rollback of a 1.65 million barrels-per-day cut first agreed in 2023. Targets were also held for October and November.
- About 2 million bpd of further cuts covering most members still run to the end of 2026.
- A review of members' production capacity is due this quarter, before the 2027 baselines that will decide future quotas.

## Why Pakistan readers should care

Pakistan imports most of its fuel, so crude moves reach the pump through the pricing formula. A steady OPEC+ decision means no new supply shock from the group itself, but Gulf shipping risks remain, as the attack on a [Qatari LNG tanker](/news/world) shows. Watch the [petrol price page](/data/petrol-price) and read about the [government's revised petrol pricing formula](/news/economy).

The figures here are from sources quoted by Reuters before the meeting ended; we will update the page with the official outcome.

## Frequently asked questions

**What did OPEC+ decide for December 2026?**

The seven core members agreed in principle to keep oil output targets unchanged, according to Reuters sources.

## Sources

- OPEC+ set to keep oil output targets steady, sources say (Business Recorder (citing Reuters)): https://www.brecorder.com/news/40446913/opec-set-to-keep-oil-output-targets-steady-sources-say

How to cite: "OPEC+ core members keep December oil output targets unchanged as Gulf exports stay disrupted", Searchable, 1 Nov 2026, https://searchable.pk/news/markets/opec-core-members-keep-december-oil-output-targets-unchanged-as-gulf-exports