OPEC+ delays oil capacity review after Iran war disrupts expansion plans, sources say
The report is now expected by mid-November, as not all members submitted data.
OPEC+ has postponed its 2027 oil output quota review amid the US-Israeli war on Iran, according to sources. The disruption to capacity expansion projects across the Middle East has thrown future production potential into uncertainty, making estimates of production capacity difficult to determine, said two sources close to the matter.
OPEC+ had scheduled the review for late 2025, with quotas to be set by the end of September 2026. However, the review is now expected to be completed by mid-November, according to one of the sources. The delay is attributed to the war and its impact on projects aimed at boosting production capacity in OPEC+ member countries. Not all countries have submitted the necessary data for the review, leading to further uncertainty.
The Middle East conflict has complicated the assessment process, which is politically sensitive as production capacity estimates can influence individual members' quotas. OPEC+, consisting of the Organization of the Petroleum Exporting Countries plus Russia and other allies, aims to provide an independent assessment of each member's sustainable oil production potential, a key metric in negotiations over output targets.
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