The decision was taken by Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. The group kept November required production levels unchanged from September.
What changes for the market
For now, the decision removes expectations of an additional supply increase from these producers. Attention therefore remains on effective crude availability and on the evolution of inventories, transport and logistics capacity.
What businesses and investors should watch
For Paraguay, the relevant transmission channel is through international fuel prices and their effect on transport, logistics and inflation. An OPEC+ decision does not determine local prices on its own, but it is one of the variables shaping the cost of imported energy.
The group's next meeting is scheduled for November 1. Until then, the focus will remain on how markets respond to available supply and on any change that could alter the balance between production and demand.
Official source: OPEC — Statement of October 4, 2026