OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters

OPEC+ Nearing Agreement to Delay Oil Output Hike - Reuters

• OPEC+ is nearing an agreement to delay an oil output increase scheduled to start in October after oil prices hit their lowest in nine months.

• Output hike of 180,000 bpd had been due to proceed in October.

• "It is likely that the countries will take action to balance the market by delaying the increase," said one of Reuters sources.

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