OPEC+ Leans Toward Proceeding With Output Hike, Delegates Say

OPEC+ is leaning toward reviving oil production as planned in October, according to delegates involved in the discussions.

Led by Saudi Arabia and Russia, the Organization of Petroleum Exporting Countries and its allies are due to add 180,000 barrels a day as they gradually restore output that’s been halted since 2022. For now, there aren’t any signs of postponement, several officials said, asking not to be identified because the talks are private.