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

FILE PHOTO: A person passes the logo of the Organization of the Petroleoum Exporting Countries in front of OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger - Copyright Leonhard Foeger(Reuters)

By Reuters

Published on 23/09/2018 - 10:04•Updated 27/04/2024 - 00:59

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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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