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OPEC+ Left Its December Oil Targets Unchanged. Brent Ended the Week at $117.64, $12.64 Above Washington's Forecast for the Quarter.

Seven core OPEC+ members kept their December oil production targets unchanged at an online meeting on Sunday 1 November, Reuters reported, citing the group. Most Gulf members are still pumping below their targets because of the Iran war. All 21 members meet on 29 November to set 2027 quotas.

By Daniel Okafor · 2 hours ago

The Numbers

Oil Is Up 61 Per Cent Since February. American Natural Gas Costs What It Did a Year Ago.

Brent crude averaged $114 a barrel in September, up from $71 in February. Natural gas at Henry Hub averaged $2.95 per million British thermal units, a few cents below September 2025, while buyers in Europe and Asia were paying $24 to $27. The United States is producing record amounts of gas, and its export terminals are already running flat out.

By Daniel Okafor · October 3, 2026