09/10/2026 by Daniel Tait
A review of OPEC+ member’s oil production capacity has been delayed due to the ongoing disruption to shipping in the Strait of Hormuz.
The review is needed to evaluate each member’s sustainable production capacity. DeGolyer and MacNaughton, a US-based consulting firm, was commissioned last year to conduct it, but its September deadline has already passed. OPEC pointed out in June about the review:
“…The importance of completing the maximum sustainable production capacity (MSC) assessment for all [member] countries to be used as reference for 2027 production baselines.”
The review is especially salient because the production baselines will be used as the basis for setting individual output quotas for next year. The review applies to almost all participants in the OPEC+ deal, which includes both OPEC and non-member countries. The exceptions are Venezuela, Iran and Russia, which are subject to US and other sanctions.
Gulf nations like Kuwait, which is home to the Q8 lubricant and coolant brand, have plans to increase production capacity. The disruption in shipping from the Gulf has led to many expansion projects being delayed, however.
The Egypt Oil and Gas website quotes sources as saying that some countries have yet to submit the necessary data for the review. According to one source, DeGolyer and MacNaughton is expected to finish its review by mid-November. This will allow a group-wide meeting of OPEC+ participants in late-November to consider the results. Egypt Oil and Gas said it approached OPEC+ to comment but did not receive an immediate response.
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