OPEC+ Capacity Assessment Delay Hits Quota Negotiations

OPEC+ oil production capacity assessment exercise has been delayed due to missing data submissions from some countries.

The technical groundwork for resetting production baselines requires complete and accurate data, which was not provided by all participating nations. This delay pushes back the quota negotiations and the related discussions on forward supply.

Past exercises have shown contentious debates over sustainable capacity definitions, with members having investment plans pushing for higher assessed capacities to secure larger quotas. Others resist these efforts, leading to postponed ministerial meetings and even member departures from the group in some cases.