OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters

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.

You May Also Be Interested In

• Texas AG Paxton announces ongoing investigation into Carnival over data breach
• Apple investigating exposure to Tata Electronics data breach, full analysis underway - Reuters
• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings