OPEC+ Maintains Oil Production Targets Amid Ongoing Export Disruptions

OPEC+ is set to maintain its oil production targets for November, according to a report from Reuters.

The group's producers in the Persian Gulf have been struggling to meet their output targets due to ongoing export disruptions caused by the US-Israel war on Iran. Their exports have fluctuated between 60 and 80 percent below normal levels over recent months.

The war has also delayed the OPEC+ output capacity review, which is crucial for determining members' 2027 output quotas. Industry sources revealed that estimates of future production potential are uncertain due to the ongoing conflict.