OPEC+ delays oil capacity review
OPEC+ has delayed its capacity review to determine 2027 output quotas until mid-November. The Middle East conflict disrupted expansion projects, creating uncertainty for future production targets.
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OPEC+ delayed its 2027 output capacity review following regional conflict involving the United States, Israel, and Iran, according to two people familiar with the matter. The assessment, initially due by September 2026, now faces a revised completion target of mid-November. The delay injects fresh uncertainty into upcoming quota negotiations for Brent Crude Oil producers.
