⭕️ OPEC+ oil producers are expected to leave their November production targets unchanged when they meet on Sunday, two sources familiar with the matter told Reuters.

Both sources spoke anonymously and stressed that no final decision had been reached.

OPEC+ has increased production targets for much of the year but left them unchanged for October.

In September, OPEC+ completed the phased unwinding of a 1.65 million-barrel-per-day (bpd) production cut first agreed in 2023.

OPEC data showed that the seven core OPEC+ producers pumped 25.0 million barrels per day in August, an increase of 630,000 bpd from July but still around 5 million bpd below their pre-war output levels in February.

OPEC+ also maintains another layer of production cuts totaling about 2 million bpd, covering most members through the end of 2026.