Finance
OPEC+ officials to discuss production capacity in Vienna, sources say
Published by Global Banking & Finance Review®
Posted on September 16, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 16, 2025
2 min readLast updated: January 21, 2026
OPEC+ delegates are meeting in Vienna to discuss the methodology for assessing production capacities, amid contentious issues. Final decisions will be made later this year.
By Ahmad Ghaddar
LONDON (Reuters) -OPEC+ delegates are planning to meet in Vienna on Thursday and Friday to discuss the methodology for assessing maximum production capacities for the 22-member producer group, two delegates told Reuters on Tuesday.
The issue is contentious because some members such as the United Arab Emirates have increased their production capacity, pressing the case for higher quotas, while others such as African members have seen declines. Angola quit the group in 2024 over a disagreement on its production target.
OPEC+ ministers in May asked OPEC's headquarters to develop a mechanism to assess the maximum sustainable production capacity for each member, which will be used as reference for their 2027 production baselines.
This week's meeting is to discuss the methodology for that assessment, one of the sources said, adding that OPEC+ ministers will take a final decision when they meet later this year.
OPEC did not immediately reply to a request for comment.
Baselines are production levels from which each member makes cuts or increases. OPEC+ has been discussing new baselines for the last few years.
Eight members of the OPEC+ alliance, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, started raising production in April partly in an effort to regain market share.
The increases showed that many members like Iraq and Russia have been struggling to produce at target levels, as others like Saudi Arabia and UAE which have invested heavily in their energy sectors benefited.
(Reporting by Ahmad Ghaddar, editing by Alex Lawler and Susan Fenton)
OPEC stands for the Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates and unifies petroleum policies to ensure stable oil markets.
Production capacity refers to the maximum output that a company or production facility can achieve under normal conditions, often measured in units of output per time period.
Production baselines are reference points for oil production levels from which OPEC+ members can make cuts or increases in their output.
Market share is the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in the market.
A quota in OPEC refers to the production limit set for each member country to control the supply of oil and stabilize prices.
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