OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters
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(Updated - September 5, 2024 7:22 AM EDT)
OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters
- OPEC+ is nearing an agreement to delay an oil output increase scheduled to start in October after oil prices hit their lowest in nine months.
Output hike of 180,000 bpd had been due to proceed in October.
"It is likely that the countries will take action to balance the market by delaying the increase," said one of Reuters sources.
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