OPEC+ began discussions around output cut for October meeting – 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)]

Citing sources familiar with the matter, Reuters reported that the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, have started to discuss a potential output cut for the next meeting.

One of the sources told Reuters that a reduction in oil output was “likely.” The group is scheduled to meet on October 5.

Crude oil prices edged slightly higher from daily lows on this headline but the market reaction was relatively subdued. As of writing, the barrel of West Texas Intermediate was trading at $80.80, where it was down 1.3% on a daily basis.

[/s2If]
Join Our Telegram Group