India, Nov. 1 -- OPEC+ countries are expected to keep their oil production targets unchanged for December as the group continues to face problems shipping oil because of the ongoing US-Iran war. The decision is expected to be taken at a meeting on Sunday, November 1.

Seven key OPEC+ members have agreed in principle to maintain their current production targets for December. This means they are not planning to increase or reduce their planned oil output next month. Three people familiar with the discussions told Reuters on Saturday.

The seven countries are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. Their online meeting is scheduled to begin at 1200 GMT on Sunday, one of the sources told Reuters.

The decision to kee...