OPEC+ delays oil capacity review after Iran war disrupts expansion plans, sources say
OPEC+ has postponed its oil capacity review for 2027 output quotas due to regional instability caused by the US-Israeli war on Iran. The conflict has disrupted infrastructure projects necessary for expanding production capacity in the Middle East.
Why it matters
Delays in OPEC+ production planning can lead to global oil market volatility and impact energy prices worldwide.
LONDON/MOSCOW, Oct 2 - An OPEC+ review to help to determine members’ 2027 oil output quotas has been delayed after the…
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