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OPEC+ postpones 2027 quota review
The OPEC+ organization has postponed the review of the 2027 oil production quotas due to the impact of the US-Israeli war on Iran, which has disrupted plans to increase production capacity in the Middle East and heightened uncertainty about future production capabilities. The review, originally scheduled to be completed by the end of September 2026, was intended to determine each member country's sustainable production quotas, and its results would influence the allowed production volume for each party. It is now expected to be completed by mid-November, after experts confirmed that the conflict in the Middle East has caused delays in obtaining the necessary data from some countries, leaving the market in suspense regarding future production quotas and their impact on the global oil market.
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