OPEC+ delays 2027 quota review
OPEC+ announced that it has postponed the review of oil production quotas for 2027 due to the impact of the US-Israeli war on Iran, which has disrupted projects to increase production capacity in the Middle East and heightened uncertainty about future supply capabilities. The plan included evaluating the sustainable production levels for all members by September 2026, but the date has been pushed back to mid-November as the ongoing conflict continues to influence energy estimates. The review aims to determine each member's sustainable production quotas independently and to adopt them as the basis for negotiations on future targets. The delay in assessment is expected to affect members’ quotas, leading some to face pressure to reduce or increase their allocations based on their capabilities.
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