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OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day of oil to the market in November

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OPEC output

Reuters  |  LONDON 

LONDON (Reuters) -OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, amid consumer pressure for more supply to cool a red hot market. Ministers from The Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, are due to gather online at 1300 GMT. An OPEC+ ministerial panel that monitors market developments, known as JMMC, meets before that. Benchmark Brent crude, up 50% so far this year, surged above $80 a barrel last month ...

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First Published: Mon, October 04 2021. 14:29 IST
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