OPEC+ quotas review delayed amid Iran war - report

Investing.com -- An OPEC+ review designed to set 2027 oil output quotas has been postponed after the US-Israeli war on Iran disrupted capacity expansion projects across the Middle East, Reuters reported on Friday.

The production capacity review, which was ordered for all OPEC+ members in late 2025, was scheduled for completion by the end of September. The deadline has now reportedly shifted to mid-November.

OPEC+ includes the Organization of the Petroleum Exporting Countries, Russia, and other allied nations.

The Middle East conflict has delayed projects intended to increase production capacity in several OPEC+ countries, making it difficult to estimate future oil output potential. Some countries have not yet submitted required data for the review, the report said, without identifying which members.

The review seeks to provide an independent assessment of how much oil each member can produce on a sustained basis. This metric plays a central role in negotiations over output targets.

Countries with lower assessed capacity could face pressure to accept smaller quotas, while producers that have expanded capacity may push for larger allocations.

The United Arab Emirates departed from the alliance in May after seeking a higher quota to reflect its growing production capacity. Iraq is said to have also requested a higher quota and has considered leaving OPEC.

Original Article

You May Also Be Interested In

• US government plans $4 billion loan to Vistra for nuclear upgrades - Bloomberg
• Saudi Arabia hikes East-West pipeline flows above 80% capacity - Bloomberg
• CEO.CA's Inside the Boardroom: Grid Metals Delivers "Globally Significant" Cesium Resource Estimate