OPEC Expected to Maintain Oil Production Quotas for November

Major OPEC nations have reached an agreement in principle to keep oil production quotas unchanged for November during an upcoming video conference.

Led by Saudi Arabia and Russia, a sub-group of seven countries will maintain steady targets in line with existing road maps amidst Middle East conflict disruptions.

The decision comes as oil futures approach the $100-a-barrel mark and diesel prices reach record levels, prompting G7 nations to release emergency stocks.