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 is linked to the impact of the Iran war on expansion plans. Those plans are relevant to the assessment underpinning future production allocations.

The review is meant to inform how much oil individual members will be assigned to produce in 2027. Its postponement concerns that assessment process, rather than an announced change to existing quotas.

The sources did not provide a revised timetable for the review or details of how the disruption to expansion plans could affect the eventual allocations.