Newswires with the headline from an RBC note, the gist is:
- OPEC+ meet October 5, may cut oil output in the range of 500K to 1mn barrels/day
"We certainly see a significant chance that the producer group will opt for a substantial cut (500 kb/d to 1 mb/d) to try to signal that there is indeed an effective circuit breaker in the market."
This is certainly the murmuring at present, yeah:
The oil price seems to concur: