OPEC+ to consider oil output cut of more than 1 mln bpd

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OPEC+ to consider oil output cut of more than 1...
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OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday.

The figure is slightly above estimates for a cut given last week, which ranged between 500,000 bpd and 1 million bpd.

OPEC+, which combines OPEC countries and allies such as Russia, is meeting in person in Vienna for the first time since March 2020.

“It is a meeting that is taking place at a very interesting global time,” one of the sources said.

The output cuts are being...


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Article automatically added to our system on Monday, October 3, 2022

OPEC+ to consider oil output cut of more than 1 mln bpd


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