OPEC+ Likely to Keep Oil Policy in October

OPEC+ is heading to maintain its current oil production policy into October 2026, despite ongoing geopolitical tensions and their impact on energy markets. The coalition, which includes OPEC and Russia, agreed not to modify production levels during the recent meeting, as member countries prepare to review their production quotas for 2027 after the ongoing production cuts expire at the end of 2026. This decision reflects the diminished impact of increasing output on the market due to supply disruptions and the continued Iranian conflict that hampers oil exports through the Strait of Hormuz.

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