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OPEC+ holds November oil production steady amid Middle East tensions and export disruptions.

Market News
04 Oct 2026
New York Post
View Source
Neutral
OPEC+ holds November oil production steady amid Middle East tensions and export disruptions.

OPEC+ decided to keep oil production targets unchanged for November, reflecting ongoing export disruptions caused by the US-Israeli conflict with Iran. Despite rising flows through the Strait of Hormuz, Gulf producers are pumping below their quotas, keeping the oil market tight and Brent crude prices above $100 per barrel. The group’s next major output policy changes are unlikely before 2027, pending a delayed capacity review affected by the conflict. The seven core OPEC+ members produced 25 million barrels per day in August, still about 5 million barrels below prewar levels.

OPEC+ oil output targets are steady for November. For readers following energy stocks, here is Pluang's market snapshot as of Oct 05, 2026 00:21 WIB: Of 38 priced Energy-sector US stocks, 25 rose and 13 fell. Notable movers include CNQ at USD 48.44 (+1.36%), RIG at USD 5.17 (-1.34%) with 100% buy order activity, and DVN at USD 47.65 (+1.04%).

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