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

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Sun, 23 Sep 2018 - 08:47 GMT

BY

Sun, 23 Sep 2018 - 08:47 GMT

REUTERS-Ramzi Boudina- OPEC

REUTERS-Ramzi Boudina- OPEC

ALGIERS - 23 September 2018: 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.

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