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Reuters: OPEC+ Are Likely to Roll Over Output Policies on Wednesday

Adel 30 August, 2021 5:42 pm Market Update

At their meeting on September 1, the OPEC and its allies (OPEC+) are likely to maintain the oil output policies, Reuters reports, citing sources familiar with the cartel’s thinking.

The sources said that OPEC+ will kick off with the planned 400K barrel per day (bpd) hike from September.

“Current oil prices around $70 are okay. OPEC+ is likely to continue as planned with the increase of 400k bpd,” one source said, according to Reuters.

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