Various-OPEC Plus/November Plan
Various-OPEC Plus/November Plan
Dateline : Oct 4, 2026/File
Location : Various
Duration : 1'12
Beijing, China - Oct 4, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Screenshot of OPEC's release on oil output quota decision
FILE: Vienna, Austria - Date Unknown (CCTV - No access Chinese mainland)
2. Various of exterior of headquarters of OPEC
FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
3. Various of oil processing facilities
4. Gas flaring
FILE: Russia - Date unknown (CCTV - No access Chinese mainland)
5. Various of rigs in operation
FILE: Iraq - March 7, 2016 (CCTV - No access Chinese mainland)
6. Various of oil refineries
FILE: Kuwait - Aug 7, 2017 (CCTV - No access Chinese mainland)
7. Various of oil drilling rig
FILE: Shymkent, Kazakhstan - Date Unknown (CGTN - No access Chinese mainland)
8. Aerial shot of oil refinery
The seven major OPEC+ countries decided to keep oil output quotas for November unchanged from the October levels, said the Organization of the Petroleum Exporting Countries (OPEC) in a statement released on Sunday.
This marks the second consecutive month of maintaining the oil output quotas steady.
Representatives from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on Sunday to review global market conditions and outlook, according to the statement.
Participating countries reaffirmed that they will continue to abide by the relevant production arrangements under the OPEC+ cooperation framework and hold monthly meetings to assess subsequent output policies in light of international oil market conditions, said the statement.
The next meeting will take place on Nov 1, according to the statement.
The OPEC+ consists of OPEC member states and non‑OPEC oil‑producing countries such as Russia.
In March last year, the seven countries participating in Sunday's meeting, together with the United Arab Emirates (UAE), which had withdrawn from the OPEC and the OPEC+ on May 1 this year, jointly decided to gradually raise oil output starting from April 1 last year.
The eight countries kept increasing output each month until December.
In the first three months this year, the eight countries put output increase on hold due to seasonal factors. They later announced the resumption of output increases beginning in April.
ID : 8502221
Published : 2026-10-05 01:48
Last Modified : 2026-10-05 16:16:34
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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