OPEC+ to Review Framework for Assessing Maximum Production Capacity

OPEC+ ministers will focus on discussing a mechanism for assessing maximum oil production capacity at their meeting on November 30, according to a source from one of the delegations, The Caspian Post reports, citing TASS.

A meeting of eight OPEC+ member states, a meeting of the ministerial monitoring committee, and a meeting of all OPEC+ ministers are scheduled for Sunday, November 30.

In May of this year, following the OPEC+ meeting, ministers instructed the OPEC Secretariat to develop a mechanism for assessing maximum oil production capacity in OPEC+ member states, which will be used to determine baseline production levels for the 2027 deal.