OPEC and its allies (OPEC +) are discussing a possible new increase in oil production from AugustReuters reports, citing sources with knowledge of the matter.
Earlier in the day, Bloomberg reported that Russia considers proposing an increase in OPEC + production at next week’s meeting because the nation sees a supply shortage in the market.
These comments come ahead of the meeting between Russian Deputy Prime Minister Alexander Novak and the country’s top producers on Tuesday to discuss the market situation.
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