8legs: Degolyer and macnaughton corp.

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OPEC+ Turns to Dallas Based Consultant for Capacity Review

OPEC+ will use a Dallas-based consultant, DeGolyer and MacNaughton, for the majority of the capacity review.
The audit aims to determine maximum sustainable capacity for a 90-day period, sustaining for a year.
The updates are planned to take effect in 2027, aligning quotas with member capabilities.
An Indian firm will be selected for Russia and Venezuela's portion of the audit.
Iran will base its assessment on the average of its production from August to October.
The audit follows a past review that prompted Angola to leave OPEC+, showing sensitivity to capacity judgments.
Delegates expect capacity estimates to influence potential future production cuts amid oversupply concerns.
OPEC+ previously paused increases in the first quarter after rapid restarts earlier in the year.
The audit is part of a broader effort to align quotas with members' actual abilities.

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