OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more substantial supply increase possible, delegates said.
Preliminary discussions before the group meets on Sunday swayed between two broad options for November output. One delegate said the base case is a repeat of this month’s marginal 137,000 barrels-a-day hike. However, boosting by two or more times that amount is also possible, according to another. All the people asked not to be identified as the talks are private.