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OPEC+ Likely to Keep Oil Output Targets Steady at Sunday Meeting

The oil producer group is expected to maintain its current production targets at its upcoming meeting, according to sources.


OPEC headquarters in Vienna, 2021
OPEC headquarters in Vienna, 2021 · Photo: C.Stadler/Bwag · CC BY-SA 4.0 · Wikimedia Commons

The OPEC+ oil producer alliance is expected to keep its oil output targets unchanged at its upcoming meeting on Sunday, business news outlet AGBI and radio station KFGO reported, citing sources familiar with the matter.

According to the reports, member states are not expected to alter existing production levels, and the alliance is poised to leave its output policy steady following the weekend discussions.

Further details regarding the group's deliberations and official decisions ahead of the meeting have not yet been released.

Sources: Arabian Gulf Business Insight | AGBI, The Mighty 790 KFGO

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