OPEC+ will keep its oil output policy unchanged when the alliance meets this Sunday, choosing to hold production levels flat for October 2026 after completing a months-long rollback of voluntary cuts. The final 188,000 bpd increase landed in September 2026, capping a phased return of barrels withheld since 2023. The seven core members, including Saudi Arabia and Russia, appear content to let the market digest the additional supply before making further moves. Negotiations will now focus on 2027 production quotas, while broader cuts of roughly 2 million bpd introduced in 2022 remain firmly in place through December 31, 2026. A capacity review due by the end of September will set the stage for these negotiations by establishing what each country can realistically produce.
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