OPEC+ Faces Key Decision on Oil Output

Informed sources expect the OPEC+ alliance to maintain its current oil production policy for October, despite the continued disruption of oil exports through the Strait of Hormuz due to Iran's war, which reduces the impact of the alliance's decisions on the market. In August, the group decided to increase production for September after years of reducing supplies at a rate of 1.65 million barrels per day, but production remains below the target due to the war, with reductions still in place until the end of 2026. The group is expected to review its plans to resume full production at the end of 2026, with the possibility that the increases will be halted until the fourth quarter of this year.

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