OPEC+ Set to Keep December Oil Output Targets Steady at Upcoming Sunday Meeting

OPEC+ members are expected to leave crude oil production quotas unchanged for December at their upcoming Sunday meeting, according to sources. The decision follows the completion of a phased rollback of 1.65 million barrels per day in voluntary output cuts in September. Although official targets remain steady, actual physical supply continues to lag quotas due to Middle East regional conflicts and transit disruptions affecting Russian and Kazakh routes. With existing production restraints extending through the end of 2026, the alliance is pivoting its strategic focus toward negotiating baseline production capacities and quotas for 2027.