Report
OPEC+ reportedly plans to keep November oil output targets steady
The Business Times, carrying Reuters reporting, says Gulf producers’ exports have fluctuated at 60–80% of normal levels.
TLDR
The Business Times, carrying Reuters reporting, says three sources close to the talks described an agreement in principle to keep November oil output targets steady ahead of an October 4 meeting. Gulf producers were pumping below their targets amid export disruptions from the US-Israeli war on Iran. Industry sources said the conflict had also delayed a capacity review needed to determine members’ 2027 quotas.
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