21 Hrs
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الاقتصادية
OPEC+ favors steady oil output in October 2026
The OPEC+ group expects to maintain its current oil production policy at its upcoming October meeting, with a focus on negotiating production quotas for 2027. This comes amid diminishing market impact from previous decisions due to disruptions in Iran's exports and Venezuela's threats to withdraw from the group. At the same time, member countries are moving toward reviewing their production capacities and establishing new baseline levels, despite ongoing commitments to produce less until the end of 2026, in preparation for negotiations that will set next year's quotas.
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