<\/p>\n
The meeting comes as the Iran war continues to disrupt oil exports through the Strait of Hormuz, limiting OPEC+’s influence over prices and market share. Unlike in the past, the group’s supply \u200bdecisions have had a limited impact on the market.<\/p>\n
<\/p>\n
In August, OPEC+ agreed to its production boost for September, completing a phased rollback of a \u200b1.65 million-barrel-per-day supply cut first agreed in 2023. Despite the \u200bagreed production increases, the group, made up of OPEC and its allies, including Russia, still produces far below its targets because of the war.<\/p>\n
<\/p>\n
OPEC+ still has another layer of production cuts in place, covering most members of the 21-country group until the end of 2026. Before the group decides how to unwind the cuts and return production \u200bto the market, it needs to review members’ \u200boil \u2060production capacity to set 2027 output baselines, which form the basis for quotas.<\/p>\n
<\/p>\n
This debate will likely happen later in 2026, and \u2060hence \u200bOPEC+ is likely to pause its output increases \u200bfor the fourth quarter, sources earlier told Reuters.<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":37538,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[78,44],"class_list":["post-44784","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"The Organisation of the Petroleum Exporting Countries plus a group of external, non-OPEC oil-producing nations (OPEC+) is set to keep its oil output policy \u200cunchanged for October at a meeting on Sunday, two people familiar with the discussions told Reuters, as the producer group needs to agree \u200bnew quotas before deciding its next output steps.","published_date":"","news_description":"The Organisation of the Petroleum Exporting Countries plus a group of external, non-OPEC oil-producing nations (OPEC+) is set to keep its oil output policy \u200cunchanged for October at a meeting on Sunday, two people familiar with the discussions told Reuters, as the producer group needs to agree \u200bnew quotas before deciding its next output steps.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44784\/revisions"}],"predecessor-version":[{"id":44785,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44784\/revisions\/44785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/37538"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=44784"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=44784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}