OPEC not discussing pausing oil output increases - report

Author: Adam Button | Category: News

Breaking report

Reuters reports, citing 3 OPEC+ sources, that OPEC+ is not discussing pausing oil output increases after the SPR release.

Earlier today we heard from WSJ sources who said that officials in Saudi Arabia and Russia were discussing a pause but now we hear this.

Expect more of this in the run-up to next week's OPEC meeting. The market appears to be taking this in stride, with little reaction in crude.
Oil chart

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