Commodities
Middle East Tensions Delay OPEC+ Capacity Review
OPEC+, the alliance of oil-producing countries, has delayed its review of production capacity due to conflicts in the Middle East.
The delay will impact the setting of output quotas for 2027, as the review is meant to assess each member's sustainable oil production capacity.
The conflict in the Middle East is delaying projects aimed at raising production capacity in some OPEC+ countries, complicating estimates of how much oil they can sustainably pump.