OPEC+ Delays Production Quota Review Amid Fallout From Iran War
OPEC+ has postponed a review intended to help determine member countries’ oil production quotas for 2027, according to sources familiar with the matter.
The delay stems from the impact of the Iran war on expansion plans, the sources said. Those plans are relevant to the assessment underpinning future production allocations.
The review is part of the alliance’s preparations for setting quotas for 2027. Its postponement concerns that assessment process, rather than an announced change to existing production limits.
The information provided did not specify a new timetable for the review or identify which members’ expansion plans had been affected.
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