OPEC+ agrees to lower oil output targets by 100K bpd in October – Reuters
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Reuters reported on Monday that the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, have agreed to lower oil output targets by 100,000 barrels per day in October.
The group is scheduled to meet again on October 5 and the chairman is reportedly considering calling for an OPEC and non-OPEC ministerial meeting anytime to address market developments, if necessary.
Crude oil prices cling to strong daily gains with the barrel of West Texas Intermediate (WTI) rising more than 3% on the day at $89.90.
[/s2If]
Join Our Telegram Group
