Signal · Commodities & Input Costs
OPEC+ Holds November Quota at 31.01 Million Barrels Daily
What the source reported
Source-reportedOPEC+ agreed on Sunday to keep its oil production quota for next month unchanged from this one, in line with expectations, after it unwound its production cuts earlier this year in a bid to offset the deepening supply shortage from the Middle East. The total for October and November stands at 31.01 million barrels per day for the eight OPEC+ members covered by the quota. However, in August the group only produced 25 million barrels daily, which was well below its own quota. Indeed, most of the unwinding of production cuts that has happened since…
- Publication
- Oilprice.com · Trade Publication
- Published
- 5th October 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 5th October 2026 · 07:53
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Material (59.0/100). Strongest contributor: Procurement Impact (30.0/30 points). Limiting factor: Entity Criticality (2.0/20 points). Initial Confidence Moderate (48.75/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Entity Criticality