Jorge Leon

Stories

OPEC+ holds December targets steady as Iran war clouds 2027 quotas

Active

Seven OPEC+ countries left December production targets unchanged on November 1, the third straight month without an adjustment. The targets sit above what several members actually pump because the Iran war has disrupted Gulf exports.

Updated 3 days ago

Notable Quotes

Today's decision was the easy one. The much more important test comes at the Nov. 29 ministerial meeting, when OPEC+ will decide its 2027 production framework.

from OPEC+ holds December targets steady as Iran war clouds 2027 quotas · Updated 3 days ago

OPEC+ faces an extremely difficult call for 2027. The group has to plan around huge uncertainty over the US-Iran war, the pace of recovery through the Strait of Hormuz, and the size of the surplus that could emerge once disrupted barrels return.

from OPEC+ holds December targets steady as Iran war clouds 2027 quotas · Updated 3 days ago