Doha:The seven-country OPEC alliance has decided to keep their oil production quotas unchanged for November.

According to Qatar News Agency, the countries involved have reaffirmed their commitment to market stability.

These nations reiterated their dedication to the Declaration of Cooperation and will continue holding monthly meetings to monitor oil market developments. Their next meeting is set for November 1, 2026.

This decision comes amid elevated oil prices, with Brent crude remaining above $100 per barrel. The group had previously introduced additional voluntary production adjustments in April and November 2023.