{
  "id": 5102948,
  "title": "OPEC+ likely to keep oil output policy unchanged on Sunday, sources say",
  "url": "https://urgent.news/2026/09/02/opec-likely-to-keep-oil-output-policy-unchanged-on-sunday-sources-say",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T14:31:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/opec-likely-tokeep-oil-output-policy-unchanged-on-sunday-sources-say-4886396"
  },
  "original_language": "en",
  "account": "OPEC+ is expected to maintain its oil output policy unchanged for October at a meeting scheduled for Sunday, according to three sources familiar with the matter. The producer group is in the process of unwinding a layer of production cuts from 2023, with the focus shifting towards 2027 quota negotiations. The meeting will be attended by seven core OPEC+ members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman. The ongoing Iran war has disrupted oil exports through the Strait of Hormuz, diminishing OPEC+'s influence on prices and market share. In contrast to previous years, the group's supply decisions now have a more limited impact on the market. The meeting is expected to commence at 1100 GMT. However, actual output has fallen short of the planned quota increases due to disruptions caused by the wars in Iran and Ukraine. OPEC+ comprises the Organization of the Petroleum Exporting Countries and its allies, including Russia, with OPEC's dominant producer being Saudi Arabia. The group currently has another layer of production cuts in place, which will continue until the end of 2026. They are also reviewing members' oil production capacity to determine output baselines for 2027, which will form the basis for quotas. This review is being conducted by DeGolyer and MacNaughton, a Texas-based firm, and a report is expected to be submitted to OPEC by the end of September. This could lead to challenging negotiations before the group sets new production baselines at its year-end meeting. Some members, such as Iraq, have advocated for higher quotas to reflect their increased production capacity. The UAE exited the group partly because it felt its quota did not align with its growing capacity. Additionally, Venezuela is contemplating an exit from OPEC, as reported by Bloomberg News.",
  "summary": null,
  "key_points": [
    "OPEC+ to maintain oil output unchanged at October meeting",
    "Seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, Oman",
    "Iran war disruptions limit OPEC+ impact on prices and market share"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "OPEC+ likely to keep oil output policy unchanged on Sunday, sources say",
        "url": "https://urgent.news/2026/09/02/opec-likely-to-keep-oil-output-policy-unchanged-on-sunday-sources-say-5105060",
        "published": "2026-09-02T14:09:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}