OPEC, non-OPEC panel unlikely to recommend further oil output hike: sources

FAN Editor
A person passes the OPEC logo in front of OPEC's headquarters in Vienna
A person passes the logo of the Organization of the Petroleoum Exporting Countries (OPEC) in front of OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger – RC175B2D04C0

September 23, 2018

ALGIERS (Reuters) – A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.

The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June, sources said.

(Reporting by Reuters OPEC team; Editing by Dale Hudson)

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