The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, within the framework of the OPEC + group, agreed in July to raise production by 400,000 barrels per day each month to phase out a production cut of 5.8 million barrels per day. It is scheduled to meet on Monday to review its production policy.
Four sources in OPEC + said that one of the expected scenarios is an increase in oil supplies, but none of them gave details on the quantities or what they will be in any month.
Another source in OPEC + indicated that an increase in production by 800,000 barrels per day in one month is a possible scenario, provided that the next month will not witness any increase.
The earliest month in which any increase could occur is November, as the last meeting decided the volume of OPEC+ production in October.
These were the details of the news Sources to Reuters: OPEC + will study options to increase oil... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
