OPEC+ plans to hold October output
OPEC Plus is heading toward maintaining its current oil production policy in October, following the completion of the rollback of one of the production cuts amounting to 1.65 million barrels per day, amid ongoing conflict and its impact on exports. The meeting, which includes seven key members, aims to review the production baseline for 2027 and determine new quotas, with a report expected from De Golier & McNaughton at the end of September. Some countries, such as Iraq, are calling for an increase in their quotas to reflect their rising production capacities, while Venezuela is considering withdrawing from the organization.
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