OPEC+ core members hold oil output steady for October amid Iran war disruption

Seven core OPEC+ members, including Saudi Arabia and Russia, agreed at an online meeting on Sunday to keep October production at September levels, pausing after six straight monthly increases; their next meeting is Oct. 4.

Why this matters. With the Strait of Hormuz still disrupted, Rystad Energy's Jorge Leon said the group can change targets on paper but cannot guarantee that the barrels are produced or reach the market.