OPEC+ Likely to Proceed With Planned Output Hike From October - Reuters

OPEC+ Likely to Proceed With Planned Output Hike From October - Reuters

• Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day in October.
• The move is part of a plan to begin unwinding their most recent layer of output cuts of 2.2 million bpd while keeping other cuts in place until end-2025.
• Six OPEC+ said the plan to increase production remains in place as the loss of Libyan output tightens the market.

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