OPEC+ likely to keep oil output policy unchanged: Report

04/10/2021 Argaam

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The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, Reuters reported, citing three OPEC+ sources.

 

The group will meet today, Oct. 4, to discuss its production policy, after Brent crude crossed the $80-mark last week.

 

The world's largest independent oil trading company, Vitol, believes that the OPEC+ decision on its production policy will be the main factor influencing oil prices in the coming months.

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