By Olesya Astakhova and Ahmad Ghaddar
MOSCOW/LONDON, Oct 27 – OPEC+ oil-producing countries are likely to keep their oil production targets steady for December when they meet on Sunday, three people with knowledge of the matter told Reuters, as the producer group turns its focus to 2027 quota negotiations.
The online meeting of seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — comes as Gulf members have been boosting exports that have been disrupted for months by the Iran war, although most are still pumping well below their output targets.
All three people declined to be named and said no final decision had been made.
OPEC+ comprises the Organization of the Petroleum Exporting Countries and allies including Russia. OPEC and authorities in Russia did not immediately respond to requests for comment.
(Reporting by Ahmad Ghaddar and Olesya Astakhova;Editing by Alex Lawler and Joe Bavier)
Comments