Oil Traders Expect OPEC+ to Agree Another Production Increase
Saudi Aramco's Ras Tanura oil refinery and terminal.
Photographer: Simon Dawson/BloombergOil traders see OPEC+ agreeing to revive more production in November as the group strives to reclaim global market share.
Saudi Arabia and its partners are likely to approve another boost for November, possibly in line with the modest 137,000 barrel-a-day increment scheduled for next month, according to a Bloomberg survey of traders and analysts. Eight key nations will hold a video-conference on Oct. 5.