OPEC+ Plans Oil Output Hike
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OPECReuters
•OPEC+ likely to proceed with planned output hike from October, sources say
81% Informative
OPEC+ is set to proceed with a planned oil output hike from October , sources say.
Libya outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand.
A slowdown in demand growth, notably in China , has weighed on oil prices.
OPEC+ does not have formal talks scheduled until top ministers meet on Oct. 2 .
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