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OPEC+ has postponed a scheduled review of member countries’ production capacities, which will be used to determine oil production quotas for 2027, as the war in the Middle East has disrupted some projects, Reuters reported, citing sources. 
The sources said the deadline for the review had been pushed back, with its completion now expected by mid-November, compared with the previous deadline of the end of September. Some countries have yet to submit the data required for the assessment.
The review is important for OPEC+, as production capacity estimates are expected to help determine the production quotas allocated to each member country.
Why it matters:The delay adds to uncertainty within OPEC+, as a lack of clarity over future production capacity levels could make it more difficult to determine equitable production quotas among member countries.
Logo ofOPEC
OPEC+ has postponed a scheduled review of member countries’ production capacities, which will be used to determine oil production quotas for 2027, as the war in the Middle East has disrupted some projects, Reuters reported, citing sources.
The sources said the deadline for the review had been pushed back, with its completion now expected by mid-November, compared with the previous deadline of the end of September. Some countries have yet to submit the data required for the assessment.
The review is important for OPEC+, as production capacity estimates are expected to help determine the production quotas allocated to each member country.
Why it matters:The delay adds to uncertainty within OPEC+, as a lack of clarity over future production capacity levels could make it more difficult to determine equitable production quotas among member countries.
