OPEC+ reportedly agrees in principle to keep December oil output targets steady

An in-principle understanding would keep OPEC+ December oil output targets steady, but the seven-member meeting was still ahead as of October 31. Gulf members have boosted exports, though most remain below their output targets. The group rolled back a 1.65 million-barrel-per-day cut in September, while a separate layer of cuts of about 2 million barrels per day covers most members through 2026.