OPEC+ set to keep oil production quotas steady in November

· Energy · Saudi Arabia

Major OPEC+ nations have an agreement in principle to keep oil production quotas unchanged next month, delegates said, as conflict in the Middle East continues to shutter swaths of the group's output.

Why it matters：Holding supply steady keeps upward pressure on oil prices at a time of Middle East conflict, affecting inflation worldwide.

Key points

  • Delegates said there is an agreement in principle to keep quotas unchanged.
  • Middle East conflict continues to shutter parts of the group's output.

Sources (original reporting)

More stories from this day