Doha:Riyadh Seven OPEC+ countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, reaffirmed their commitment to market stability during a virtual meeting held on November 1, 2026. This meeting was convened to review global market conditions and the economic outlook.

According to Saudi Press Agency, the participating countries, which had previously announced additional voluntary production adjustments in April and November 2023, decided to maintain the required production levels from September 2026 for the upcoming month of December 2026. This decision underscores their ongoing dedication to the Declaration of Cooperation.

The seven nations emphasized their shared goal of achieving full compliance with the established agreements. They also confirmed that they would continue to hold monthly meetings to assess market conditions, with the next meeting scheduled for November 29, 2026.