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Uncertainty over Oil Alliance's 2027 quotas
The review of the OPEC+ alliance's periodic assessment of the production capacities of member countries has been postponed. This review was intended to determine oil production quotas for 2027. The delay was due to the impacts of the US-Israel war on Iran and the disruption of expansion projects in the Middle East. The evaluation was originally scheduled to be completed by September 2026 but has been extended to mid-November, coinciding with the release of a report by Digoler & MacNaughton, excluding Russia, Iran, and Venezuela, which are under sanctions. The crisis in the region has increased technical challenges and made it more difficult to estimate the extractable volumes, especially as some countries have not provided the required data. This has introduced more uncertainty in future production levels and has pressured lower-capacity countries to reduce their quotas. Meanwhile, developed countries aiming to enhance their infrastructure are seeking larger shares.
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