Major oil exporters agree to keep production steady in November

Summary

Seven major oil-exporting countries have agreed to maintain steady production levels in November. The decision was made amid rising oil prices driven by the ongoing Iran war. The OPEC+ subgroup, which includes Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, will meet again on November 1 to review market conditions. The agreement comes as benchmark Brent crude oil prices have risen above $100 a barrel. The countries have not indicated any changes to their production targets for the month.

Latest: Seven major oil-exporting countries agreed to keep production steady in November amid rising oil prices linked to the Iran war.

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