Riyadh, October 04 (QNA) - The seven countries in the OPEC+ alliance decided Sunday to keep their oil production quotas unchanged for November.

In a statement, OPEC said the seven countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed their commitment to market stability.

The seven countries also reaffirmed their commitment to the Declaration of Cooperation and will continue to hold monthly meetings to monitor developments in the oil market. The next meeting is scheduled for Nov. 1, 2026.

The decision comes as oil prices remain elevated, with Brent crude still above $100 a barrel.

The seven countries had previously announced additional voluntary production adjustments in April and November 2023. (QNA)