OPEC+ to Discuss Further Production Increase in November
OPEC+ nations are set to discuss further production increases, with a focus on November. The eight core members—Saudi Arabia, Iraq, Kuwait, Russia, the UAE, Algeria, Oman, and Kazakhstan—agreed to gradually lift cuts from October. Analysts predict a step up of 137,000 barrels per day in November.
OPEC+ is considering another production increase in November, following the previous hike of at least 137,000 barrels per day. However, future supply increases may fall short of announced numbers due to production limits of many producers. The decision is expected to be made at the upcoming October 5 meeting.
OPEC+ is poised to increase production in November, with a proposed increase of at least 137,000 barrels per day. The final decision will be made at the October 5 meeting, with analysts anticipating a step-by-step increase.
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