By Udeme Akpan, Energy Editor
The Organisation of the Petroleum Exporting Countries and its allies, OPEC+, has maintained October oil production levels for seven major producers, as Nigeria seeks to increase crude output and strengthen its revenues from the global oil market.
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed at a virtual meeting on September 6, 2026, to maintain their September 2026 required production levels for October after reviewing global market conditions and the outlook.
The seven producers, which had previously announced additional voluntary production adjustments in April and November 2023, also reaffirmed their commitment to achieving full conformity with the Declaration of Cooperation.
They said they would continue to hold monthly meetings to review market conditions, with the next meeting scheduled for October 4.
