OPEC non-OPEC Producers Won’t Increase Oil Output: Sources

OPEC non-OPEC Producers Won’t Increase Oil Output: Sources

A meeting between OPEC and non-OPEC oil producers on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June, five sources told Reuters.

The meeting, being held in Algeria, is also unlikely to decide on the distribution of the 1 million barrels per day (b/d) output hike previously agreed upon in the last meeting in June, sources said.

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