Open Demo Account
Home / Market Update / Reuters: OPEC+ Are Likely to Roll Over Output Policies on Wednesday

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.

Tags

Check Also

Is the AI Boom Not Enough to Lift Oracle Stock?

Shares of Oracle Corporation have fallen nearly 12% in the weeks following its latest earnings …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends