OPEC+ Delays 2027 Oil Production Capacity Review Amid Middle East Conflict

OPEC+ has postponed a review of its members' oil production capacity, a critical step for determining 2027 output quotas. This delay is attributed to disruptions from the U.S.-Israeli war on Iran, which has affected projects aimed at expanding production across the Middle East and complicated future supply estimates. The review, originally slated for completion by the end of September 2026, is now anticipated by mid-November.