OPEC+ more likely to proceed with deliberate output hike from October | Forexlive

OPEC+ is ready to proceed with a deliberate oil output hike from October, as
Libyan outages and pledged cuts by some members to compensate for
overproduction counter the affect of sluggish demand, six sources from
the producer group instructed Reuters.

Eight OPEC+ members are scheduled to spice up output by 180,000 barrels per
day in October, as a part of a plan to start unwinding their most up-to-date
layer of output cuts of two.2 million bpd whereas protecting different cuts in
place till end-2025.

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