An OPEC+ source told Reuters on Monday that the expanded cartel is considering bigger oil output cuts during its November 30 meeting, which was originally delayed for four days over a production quota dispute between OPEC leaders and African nations. The unnamed OPEC+ source told Reuters he expected an option for a “collective further reduction” in oil production during the next meeting.
The source’s comments echo similar comments made earlier in November suggesting that additional cuts would be considered. Last…OPEC Source Tells Reuters Bigger Cuts A Likely Option
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