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OPEC, non-OPEC panel unlikely to recommend further oil output hike: sources

CommoditiesSep 23, 2018 03:50AM ET
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© Reuters. A person passes the OPEC logo in front of OPEC's headquarters in Vienna

ALGIERS (Reuters) - A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.

The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June, sources said.

OPEC, non-OPEC panel unlikely to recommend further oil output hike: sources
 

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Suman Jutur
Suman Jutur Sep 23, 2018 7:44AM ET
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For some silly reason I think its a strategy by OPEC to have Iranian oil keep flowing.
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Suman Jutur
Suman Jutur Sep 23, 2018 7:42AM ET
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The world is simply ignoring Trump. China already did. Markets ignored the $200B tarrifs. No room for his bullying.
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dipak gupta
dipak gupta Sep 23, 2018 6:49AM ET
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yes no increase in output !!
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Hubrecht Pauwel
Hubrecht Pauwel Sep 23, 2018 4:32AM ET
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The panel is also unlikely to decide
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