Opec+ set to keep October oil output policy unchanged as quota talks loom: sources
Unlike in the past, the group’s supply decisions have had a limited impact on the market
Opec+ is expected to maintain its oil output policy unchanged for October, according to sources familiar with the discussions. The group's supply decisions have had a limited impact on the market due to ongoing disruptions in oil exports caused by the Iran war, which limits Opec+'s influence over prices and market share. The meeting comes as Opec+ needs to agree on new quotas before deciding its next output steps, as the group still produces far below its targets because of the conflict.
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