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What will be Iran's oil production quota outcome from the OPEC+ meeting on December 1, 2024?
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Resolution / Starting Odds
No change in quotas • 25%
Increased quotas • 25%
Decreased quotas • 25%
No quotas set • 25%
Official OPEC+ meeting outcomes or statements from Iran's Oil Minister
Story
OPEC+ to Hold December 1 Oil Policy Meeting Online, Iran Seeks No Quota Limits
Nov 25, 2024, 12:40 PM
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has decided to conduct its upcoming oil policy meeting online on December 1, 2024, instead of the previously planned in-person gathering. This shift to a virtual format was confirmed by multiple sources, including delegates and two unnamed sources. Iran's Oil Minister has expressed the country's intention to strive not to accept limits on its oil production quota during this meeting.
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OPEC increases quotas • 25%
OPEC decreases quotas • 25%
OPEC maintains current quotas • 25%
No clear decision • 25%
Below 40 million bpd • 25%
40-41 million bpd • 25%
41-42 million bpd • 25%
Above 42 million bpd • 25%
Increase by more than 200,000 bpd • 25%
Increase by less than 200,000 bpd • 25%
Decrease by less than 200,000 bpd • 25%
Decrease by more than 200,000 bpd • 25%
Increase • 25%
Decrease • 25%
Remain the same • 25%
No data available • 25%
Below 3 million barrels per day • 25%
3.0 to 3.5 million barrels per day • 25%
3.5 to 4.0 million barrels per day • 25%
Above 4 million barrels per day • 25%
Proceed as planned • 25%
Delay by one month • 25%
Delay by more than one month • 25%
Cancel increase entirely • 25%
Increase • 25%
Decrease • 25%
Maintain • 25%
No decision • 25%
Increase production • 25%
Maintain current levels • 25%
Decrease production • 25%
No decision made • 25%
Increase production • 25%
Decrease production • 25%
Maintain current levels • 25%
No decision • 25%
Proceed as planned • 25%
Delayed by 1 month • 25%
Delayed by more than 1 month • 25%
Cancelled • 25%