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

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.

Check Also

Coinbase plans to list more meme coins amid regulatory optimism

According to Tom Duff Gordon, vice president of Coinbase, the exchange will probably be able …