6 Hrs
Source:
AL24 News
OPEC+ may hold oil output steady
The OPEC+ coalition community is aiming today to keep oil production levels unchanged for October, amid ongoing effects of the war between the United States and Iran on oil exports through the Strait of Hormuz. In August, the alliance decided to increase production for September after reductions totaling 1.65 million barrels per day in 2023, although actual output remains below the target due to the war. The alliance plans to review its production capacities to determine next year's quotas after assessing members' baseline production levels, with reductions continuing until 2026.
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