- Three sources told Reuters that OPEC+ ministers will keep October supply policy unchanged at Sunday's online meeting.
- The seven core members are completing a phased rollback of a 1.65 million-barrel-per-day cut agreed in 2023, while another layer of cuts remains in place through end-2026.
- The group is reviewing members' production capacity for 2027 baselines, with Iraq seeking a higher quota and negotiations expected before the year-end meeting.
- The Iran war and the disruption of exports through the Strait of Hormuz have reduced OPEC+'s influence over prices and market share, while Ukraine-related disruptions have kept actual output below planned quotas.