Markets · Low impact

OPEC Monthly Oil Market Report (November)

Nov 11, 2026

OPEC's monthly view of world oil demand and of its members' production, as estimated by secondary sources. This edition follows Brent's fall of more than 16% in the week to November 6, its steepest weekly drop since 2020, on hopes of a US-Iran deal, and comes three weeks before the OPEC+ ministerial meeting on November 29.

Previous: Brent settled at $98.32 a barrel on November 6, from $117.64 a week earlier