Sept 6 (Reuters) – OPEC+ is set to keep its oil output policy unchanged for October at a ‌meeting on Sunday, two people familiar with the ‌discussions told Reuters, as the producer group needs to agree new quotas before ​deciding its next output steps.

The meeting comes as the Iran war continues to disrupt oil exports through the Strait of Hormuz, limiting OPEC+’s influence over prices and market share. Unlike ‌in the past, ⁠the group’s supply decisions have had a limited impact on the market.

In August, OPEC+ agreed ⁠its production boost for September, completing a phased rollback of a 1.65 million-barrel-per-day supply cut first agreed in 2023. Despite the ​agreed production ​increases, the group made up ​of the Organization of ‌the Petroleum Exporting Countries and its allies, including Russia, still produces far below its targets because of the war.

OPEC+ still has another layer of production cuts in place, covering most members of the 21-country group until the end of ‌2026. Before the group decides how ​to unwind the cuts and return ​production to the market, ​it needs to review members’ oil production capacity ‌to set 2027 output baselines, ​which form the ​basis for quotas.

This debate will likely happen later in 2026 and hence OPEC+ is likely to pause its ​output increases for ‌the fourth quarter, sources earlier told Reuters.

(Reporting by Olesya ​Astakhova, Ahmad Ghaddar and Alex Lawler, Editing by ​Dmitry Zhdannikov and Tomasz Janowski)