World

OPEC+ holds December oil output targets unchanged

RIYADH: Seven OPEC+ countries have agreed to maintain their required oil production levels for December, reaffirming their commitment to market stability and compliance with the group’s production agreement. The decision was reached during a virtual meeting on Sunday, involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, which reviewed global oil market conditions and the outlook. The seven participating countries decided to maintain September 2026 required production fo