The Organisation of the Petroleum Exporting Countries has said Saudi Arabia, Russia and five other major oil producers will maintain their September 2026 required production levels for October.The decision was taken by the seven OPEC+ countries that had previously announced additional voluntary production adjustments in April and November 2023.The countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman—met virtually recently to review developments in the global oil market and its outlook.In a statement issued after the meeting, OPEC said the seven participating countries decided to maintain their September 2026 required production for October 2026.The combined production level of the seven countries is about 31.01 million barrels per day, according to the figures released by the oil producers’ group.Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The decision was taken by the seven OPEC+ countries that had previously announced additional voluntary production adjustments in April and November 2023.The countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman—met virtually recently to review developments in the global oil market and its outlook.In a statement issued after the meeting, OPEC said the seven participating countries decided to maintain their September 2026 required production for October 2026.The combined production level of the seven countries is about 31.01 million barrels per day, according to the figures released by the oil producers’ group.Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman—met virtually recently to review developments in the global oil market and its outlook.In a statement issued after the meeting, OPEC said the seven participating countries decided to maintain their September 2026 required production for October 2026.The combined production level of the seven countries is about 31.01 million barrels per day, according to the figures released by the oil producers’ group.Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. In a statement issued after the meeting, OPEC said the seven participating countries decided to maintain their September 2026 required production for October 2026.The combined production level of the seven countries is about 31.01 million barrels per day, according to the figures released by the oil producers’ group.Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The combined production level of the seven countries is about 31.01 million barrels per day, according to the figures released by the oil producers’ group.Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. Saudi Arabia’s production level for October was put at 10.49 million barrels per day, while Russia’s stood at 9.95mbpd. Iraq will produce 4.43mbpd, with Kuwait allocated 2.68mbpd.Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. Kazakhstan’s production level was set at 1.63mbpd, while Algeria and Oman will produce 1.01mbpd and 841,000 barrels per day, respectively.Related NewsDangote plans 1,000MW power plant in KenyaOil prices cross $100 as US-Iran conflict intensifiesNUPRC threatens sanctions for undeveloped flare gas sitesOPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. OPEC stated that the seven countries also reiterated their collective commitment to achieving full conformity with the Declaration of Cooperation.The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The organisation said the countries would continue to hold monthly meetings to review global market conditions and the outlook.“The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. “The seven OPEC+ countries will continue to hold monthly meetings to review market conditions,” OPEC stated.The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The next meeting of the seven countries is scheduled to be held on October 4, 2026.The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. The decision to retain output figures comes after a series of monthly production increases that completed the gradual unwinding of earlier voluntary cuts. By holding output steady, the Saudi-led alliance is signalling a cautious approach amid ongoing global supply uncertainties and elevated crude prices.Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd. Nigeria, an OPEC member, is not part of this specific seven-country mechanism. The country’s OPEC quota remains 1.5mbpd.