On Monday, October 4, 2021, the 21st OPEC and non-OPEC Ministerial Meeting concluded via videoconference. In light of current oil market fundamentals and consensus on its outlook, OPEC and participating non-OPEC oil producing countries took the following decisions:
- The organisation reaffirmed the decision of the 10th OPEC and non-OPEC Ministerial Meeting on 12 April 2020 and further endorsed in subsequent meetings including the 19th OPEC and non-OPEC Ministerial Meeting on the 18 July 2021.
- It reconfirmed the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of November 2021.
- It reiterated the critical importance of adhering to full conformity and to the compensation mechanism taking advantage of the extension of the compensation period until the end of December 2021. Compensation plans should be submitted in accordance with the statement of the 15th OPEC and non-OPEC Ministerial Meeting.
The 22nd OPEC and non-OPEC Ministerial Meeting is to hold on 4 November 2021.
Below is the production table for OPEC and non-OPEC participating countries:
| CONTRY | EXPECTED PRODUCTION |
| OPEC MEMBER COUNTRIES | |
| Algeria | 952 |
| Angola | 1377 |
| Congo | 293 |
| Equatorial Guinea | 115 |
| Gabon | 168 |
| Iraq | 4193 |
| Kuwait | 2532 |
| Nigeria | 1649 |
| Saudi Arabia | 9913 |
| UAE | 2855 |
| NON-OPEC COUNTRIES | |
| Azerbaijan | 647 |
| Bahrain | 185 |
| Brunei | 92 |
| Kazakhstan | 1540 |
| Malaysia | 537 |
| Mexico | 1753 |
| Oman | 796 |
| Russia | 9913 |
| Sudan | 68 |
| South Sudan | 117 |
| OPEC TOTAL | 24047 |
| NON-OPEC TOTAL | 15647 |
| OPEC+ | 39694 |
