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One set of limitations imposed by eight OPEC+ nations, totaling 2.2 million bpd, was rapidly reintroduced to the market from April to September this year. At present, limitations of 1.65 million bpd are in place until the conclusion of 2026.
The gathering of eight OPEC+ nations is set for September 7.
Bloomberg reports that a decision is still pending.
The day prior, another member of OPEC+, Russia, stated that the matter of boosting production is not currently on the agenda for discussion; decisions are determined during the meeting based on the evaluation of the market conditions.
source: bloomberg.com
The gathering of eight OPEC+ nations is set for September 7.
Bloomberg reports that a decision is still pending.
The day prior, another member of OPEC+, Russia, stated that the matter of boosting production is not currently on the agenda for discussion; decisions are determined during the meeting based on the evaluation of the market conditions.
source: bloomberg.com
