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OPEC+ Delays 2027 Oil Review to Mid-November 2026

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Story summary
  • OPEC+ has delayed its 2027 oil-output capacity review to mid-November 2026.
  • The delay follows the U.S.–Israeli war on Iran, which disrupted projects.
  • U.S. consultant DeGolyer and MacNaughton will submit the assessment by mid-November for all members except Russia, Iran, Venezuela.
  • Some OPEC+ members have not yet provided required data, creating uncertainty in quota negotiations.