According to CoinMeta, OPEC is expected to maintain the December oil production target at the meeting on November 1st, despite Brent oil prices remaining above $110 and supply disruptions in the Gulf region. Sources revealed that the seven major producing countries, including Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman, are unlikely to adjust their production caps before 2027. Although Brent oil prices were around $113.77 on October 29th, a decrease of 1.34%, the global energy market faces significant challenges due to supply disruptions in the Middle East: increasing production quotas does not guarantee additional actual oil supply. OPEC In September, a gradual reversal of the daily 1.65 million barrel reduction in supply was completed; however, disruptions related to the conflict with Iran prevented several Gulf-producing countries from meeting their quotas.