Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reiterated their collective commitment to the Declaration of Cooperation while reviewing market stability and quota fulfillment. The alliance will continue monitoring supply disruptions stemming from conflict in the Middle East and will meet again on 1 November 2026. UAE Energy Minister Suhail Al Mazrouei signaled support for the organization and noted that markets can accommodate additional oil produced by the UAE.
Tuesday, October 20, 2026
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OPEC+ Freezes Oil Production Quotas for November
Commodities17 days ago
Seven member states in the crude consortium finalized a pact during their weekend summit to keep output unchanged from previous levels. The agreement formally adopts the production targets used in September 2026 for the coming month, confirming an earlier tentative consensus among the group to avoid boosting supply.
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