OPEC+ December output stays flat as Gulf producers...

Summary

• OPEC+ December output targets will stay unchanged, as the alliance pauses policy changes while Gulf producers still pump below their quotas.
• Who sat in on the OPEC+ December output holdThe alliance combines the Organization of the Petroleum Exporting Countries with allied producers such as Russia.
• Why Gulf producers fall short of OPEC+ December output targetsGulf members have been lifting exports that the US-Iran war disrupted for months.

AI Generated Summary

OPEC+ December output targets will stay unchanged, as the alliance pauses policy changes while Gulf producers still pump below their quotas.

Three people with knowledge of the matter said the group agreed in principle on the hold ahead of an online meeting on Sunday. The sources spoke on condition of anonymity.

Who sat in on the OPEC+ December output hold

The alliance combines the Organization of the Petroleum Exporting Countries with allied producers such as Russia. Seven core members met on the call, which started at 1200 GMT. They are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.

The outcome matches expectations that further policy changes will wait until next year. That makes a third straight month of steady targets for the OPEC+ December output. The alliance had also kept targets steady for October and November.