OPEC+ Delays Oil Capacity Review to Mid-November Amid Iran War

The oil alliance has postponed its review of crude production capacity for 2027 to mid-November as the conflict involving Iran disrupts expansion plans.

The OPEC+ oil alliance is pushing back its crude capacity review to mid-November, news outlets Türkiye Today, Shafaq News, and Quartz reported. According to Shafaq News, the delayed review concerns production capacity assessments for 2027.

According to the reports in Türkiye Today and Quartz, the postponement comes against the backdrop of the war involving Iran, which has stalled and disrupted the member states' capacity expansion plans. Further details regarding the updated schedule have not yet been released.