The main OPEC+ producers decided to keep production quotas unchanged in October, despite the disruptions caused by the war between the United States and Iran. The decision is aligned with the plan to conserve the targets until the end of the year.
The group of seven countries, led by Saudi Arabia and Russia, continued to formally increase quotas during the conflict, completing the reversal of the cuts adopted in 2023. The partial blockade of the Strait of Hormuz reduced Persian Gulf exports, although some producers resorted to alternative pipelines and other maritime routes.
OPEC+ meets again on October 4. By the end of September, it is expected to complete an audit of each member's effective production capacity, which will serve as the basis for setting quotas for 2027.
