OPEC+ to Begin Discussing 2027 Production Baselines This Week

OPEC+ to Begin Discussing 2027 Production Baselines This Week

OPEC+ is preparing for a major output hike in July and beginning discussions on 2027 production baselines, as key members push for higher quotas amid rising capacity and shifting global demand.

The July quota level is expected to be announced at the next meeting on Saturday.

The OPEC+ group of countries could start talks on setting 2027 production quota benchmarks for each member of the cartel as early as today, participants in the meeting on Wednesday told Reuters. Some of the big producers, such as Iraq, the United Arab Emirates (UAE) and Kuwait, plan to increase their capacity […] The article OPEC+ will start talks on 2027 oil production benchmarks first appeared in CursDeGuvernare.ro.

Oil Rises After OPEC+ Keeps Output Policy Unchanged

OPEC+ agreed to establish a mechanism for setting baselines for its 2027 oil production.

OPEC+ adopts plan for 2027 baselines ahead of July output hike talks – Oil & Gas 360

(Investing) – LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been discussing new baselines – production levels from which each member makes cuts or incr

OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks

OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.