Energy
OPEC+ Nations Again Face Thorny Issue of How Much They Can Pump
OPEC’s readiness to make new curbs could be tested in 2026 amid signs of a swelling global oil surplus and downward pressure on crude prices.
Photographer: Simon Dawson/BloombergOPEC+ nations gathering this weekend are once again grappling with the thorny question of how much oil they’re physically able to pump.
In May, the Organization of the Petroleum Exporting Countries and its allies launched a new assessment of members’ “maximum sustainable capacity” to help set production quotas in 2027. With output levels for the months ahead already set, delegates say this longer-term review will likely be one area of focus at Sunday’s meeting.