OPEC+ may delay its October oil output increase due to falling oil prices and disruptions.
OPEC+ is considering delaying its planned oil output increase of 180,000 barrels per day set for October due to a significant drop in oil prices, which are at their lowest in nine months. Contributing factors include disruptions in Libyan oil facilities and a weak demand outlook. Sources indicate that a delay is "highly possible" as the organization reassesses its strategy amidst ongoing discussions.
September 04, 2024
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