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OPEC+ Core Group Keeps October 2026 Oil Output Quota Unchanged at 31.01 Million Barrels Per Day

7 September 2026National

Seven core OPEC+ producers — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — kept their October 2026 crude oil output targets unchanged from September levels at a virtual meeting on 6 September 2026. Their combined quota stands at 31.01 million barrels per day, excluding compensation volumes, with Saudi Arabia at 10.478 mbpd and Russia at 9.949 mbpd. The group has paused further monthly increases while it negotiates new production baselines for 2027. The decision follows the completion in August 2026 of a phased rollback that restored the 1.65 million bpd of voluntary cuts introduced in 2023. The next review meeting is set for 4 October 2026.

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OPEC was founded in 1960 at the Baghdad Conference and is headquartered in Vienna, Austria | OPEC+ adds non-OPEC producers led by Russia to the OPEC grouping | The Strait of Hormuz, linking the Persian Gulf with the Gulf of Oman, is the world's most important oil transit chokepoint

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