The oil cartel Opec+ has delayed a review of member countries’ production capacity that will form the basis for oil quotas in 2027.
Reuters reports this, citing two sources.
The review was due to be completed in September but is now expected to be completed in mid-November.
The war between the United States, Israel and Iran has delayed capacity projects in the Middle East and created uncertainty surrounding future production levels.
The assessments could affect the size of the quotas allocated to individual member countries.
