OPEC+ Agrees to Keep November Oil Output Targets Unchanged

Key member nations of the OPEC+ alliance, including Saudi Arabia, have agreed to keep oil production quotas unchanged for November, Brazilian newspaper Folha de S.Paulo and Bulgarian news outlet Dnevnik reported. According to the reports, the agreement was reached among seven key member countries, which decided against increasing output.

The decision not to raise quotas keeps global oil supply constrained, as conflict across the Middle East continues to paralyze significant portions of the group's crude production.

Further details regarding an official statement from the alliance's leadership have not yet been released.