Opec+ delays oil capacity review after Iran war disrupts expansion plans
Review deadline slips to mid-November, two sources say; not all members submitted data, sources say; timeline allows Opec+ to consider findings at next group meetingAn Opec+ review to help to determi...
OPEC+ has delayed a crucial oil capacity review due to the ongoing conflict in Iran, according to two sources with knowledge of the matter. The review, which was supposed to take place by the end of September 2026, will now be completed by mid-November. This delay is attributed to the disruption of capacity expansion projects in the Middle East as a result of the US-Israeli war on Iran.
The review, which determines members’ 2027 oil output quotas, had been scheduled for late 2025. Not all OPEC+ members have submitted their data for the review, further compounding the uncertainty surrounding future oil production potential. The delay raises questions about how this uncertainty will impact the politically sensitive process of setting production quotas for individual members.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
