OPEC+ delays 2027 oil quota decision
OPEC+ has postponed the completion of its review of the member countries' production capacities, which was set to determine oil production quotas for 2027. The delay is due to the impacts of the U.S.-Israeli war on Iran and regional instability, which have hindered the gathering of essential data. The review is expected to be finalized by mid-November 2026, following the receipt of estimates from Deloitte & Touche, with Russia, Iran, and Venezuela excluded due to sanctions. This postponement comes at a time when the global oil market is experiencing uncertainty and potential changes in production levels, affecting energy supplies and the oil trade.
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