OPEC+ Is Considering A Substantial Oil Production Cut ...Middle East

OILPRICE - Economy
OPEC+ Is Considering A Substantial Oil Production Cut
source : OILPRICE ( Middle East ) () 23
Several major producers of the OPEC+ alliance have started talks about a potential oil production cut ahead of the regular monthly OPEC+ meeting on October 5, OPEC and OPEC+ sources told Reuters on Thursday. OPEC+ meets next Wednesday to discuss the market and fundamentals situation as oil prices have fallen below $90 per barrel, a level last seen just before the Russian invasion of Ukraine. It is "likely" that the group will agree on a cut, a source at OPEC told Reuters. At the previous meeting, OPEC+ reversed the 100,000-barrels-per-day increase…

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