7 OPEC+ countries to maintain their September oil production quotas in October

Ministers of seven OPEC+ countries (Russia, Saudi Arabia, Algeria, Kuwait, Iraq, Kazakhstan, and Oman) have decided to extend the September oil production quotas into October, Report informs, citing the organization's press release following a monthly online meeting.

The oil production limit for the leaders of the deal, Saudi Arabia and Russia, has been maintained at 10.478 million barrels per day (bpd) and 9.949 million bpd, respectively. Iraq has the right to produce 4.431 million bpd, Kuwait - 2.676 million bpd, Kazakhstan - 1.628 million bpd, Algeria - 1.007 million bpd, and Oman - 841,000 bpd.

The participants of the agreement confirmed their commitment to achieving its full implementation, the statement notes.

The next meeting of the "seven," as well as the meeting of the OPEC+ ministerial committee, will take place on October 4.