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OPEC+ Set to Hold Oil Output Steady as Iran War Disrupts Supply
OPEC+ is likely to leave its oil production policy unchanged for October when seven of its core members meet on Sunday, Reuters reported Wednesday, citing three sources close to the matter.
AI Summary
OPEC+ is expected to keep its oil production policy unchanged for October, according to Reuters. The decision will be made by seven core members—Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman—who will meet online at 11:00 GMT on Sunday. These producers have increased their monthly production quotas throughout 2026, and the September rise finished the phased rollback of 1.65 million barrels per day of supply cuts that were first agreed in 2023.
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