William Potter/Shutterstock Save for later Print Download Share LinkedIn Twitter Opec quota discussions can be challenging at the best of times — and the cause for lengthy negotiations among producers. Opec-plus’ planned discussions later this year on adjusting existing production baselines, which serve as a benchmark for the group's supply cuts, have brought the issue to the fore again, with some members beginning to position themselves. Iraq and the United Arab Emirates are at the forefront of those seeking baseline increases, Energy Intelligence understands. Opec-plus last year commissioned three consultancies — Rystad Energy, S&P Global and Wood Mackenzie — to conduct independent assessments of members’ production capacities by the end of June. These will form the foundation for a revision of quotas from 2025, expected to be agreed on by the end of this year. The independent reviews are seen as supporting any decisions to make adjustments. With Opec and Opec-plus due to meet next in early June, before completion of the assessments, the baseline issue may be discussed, but not decided on, at the meeting.
