OPEC+ Delays Production Capacity Review Amid US-Iran Conflict

OPEC+, the group of oil-producing countries led by the Organization of the Petroleum Exporting Countries, has delayed its review of member countries' production capacity. The delay is due to the ongoing conflict between the US and Iran, which has disrupted projects aimed at expanding oil production in the Middle East.

The OPEC+ review, which was initially set for completion by the end of September 2026, will now be finished by mid-November. The review aims to determine each member country's maximum sustainable production capacity (MSC) and use this information to set production quotas for 2027.

According to sources close to the matter, the conflict has delayed projects that were meant to boost production capacity in some OPEC+ countries. As a result, estimates of how much oil these countries can produce sustainably are now uncertain.

The delay is significant because it may affect negotiations over output targets and quotas among OPEC+ member countries. Countries with lower assessed capacities may face pressure for lower quotas, while those that have expanded their capacity may seek higher allocations.