OPEC+ agreed on Sunday to leave its December oil output targets unchanged. The alliance, which includes Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman, said it would roll over the required production levels that applied in September into the final month of the year.
Country Production Allocations
Under the stated allocations, Saudi Arabia’s target remains 10.478 million barrels per day, while Russia is set at 9.949 million bpd and Iraq at 4.431 million bpd.
Commitment To Coordination
The group also restated its commitment to full conformity with the Declaration of Cooperation governing coordination between OPEC and participating non-OPEC producers.
