OPEC+ likely to keep oil production policy from September unchanged, say sources

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OPEC+ is likely to keep its oil output policy unchanged when the group meets on Sept. 1, Reuters reported, citing three familiar sources.

The Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, will continue with its planned modest production increase.

The group is scheduled to hold a meeting on Sept. 1 to discuss previously agreed increase in production by 400,000 barrels per day (bpd) over the next few months.