OPEC+ delays oil capacity review after Iran war disrupts expansion plans: Reuters
The delay leaves future quotas uncertain as some members have not submitted required data and disrupted expansion projects cloud production estimates.
- The OPEC review to determine 2027 output quotas has been delayed until mid-November, sources said today. The US-Israeli war on Iran disrupted Middle East projects, throwing future production potential into uncertainty.
- OPEC relies on this foundational data to negotiate output targets, as the review provides an independent assessment of sustainable production capacity for each member. Capacity estimates directly influence how much individual members are allowed to pump.
- Not all Countries have submitted the required data, creating an incomplete picture for the assessment process. The conflict has delayed projects intended to boost production capacity, complicating estimates of how much oil members can pump.
- Capacity estimates directly influence individual member quotas. Countries with lower assessed capacity could face pressure for lower quotas, while producers that expanded capacity might seek higher allocations.
- The alliance faces a volatile environment, as The United Arab Emirates left in May after quota disputes, and Iraq has also considered exiting. These departures underscore the difficulty of maintaining consensus on output limits.
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The revision of the OPEC+ oil production capacity estimate for 2027 has been postponed, as the escalation around Iran has disrupted the plans to expand capacity in the region, which is ... 02.10.2026, PRIM
The OPEC+ Coalition postponed the review of oil production to determine the share of each member country of the 2027 Coalition, as a result of the Israeli-American war against Iran, and led to the disruption of energy expansion projects throughout the Middle East. The OPEC+ Alliance, which includes the member states of the Organization of Petroleum Exporting Countries (OPEC) and the M.
The revision of the Opep+ to determine the oil production quotas of its members for 2027 has been delayed after the war of the United States and Israel
The production capacity of OPEC+ member states was not recorded in September. This is a critical stage that determines oil production quotas for 2027, and the… Oil: OPEC in the “dark” about the production capabilities of its members - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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