OPEC+: seven countries keep production levels unchanged for September and October 2026

The seven OPEC+ countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, have decided to keep the production levels required for September and October 2026 unchanged. This was communicated in a note from the organization released after the virtual meeting between the members of the organization held to examine the conditions and prospects of the global market. This is a reversal in the cartel's strategy after six months of increases, decided starting from March to deal with the effects of the closure of the Strait of Hormuz.

The seven countries "reaffirmed their collective commitment to achieving full compliance with the Declaration of Cooperation", reads the statement announcing that the next meeting will be held on 4 October.