OPEC+ decide to boost oil output amid strong market fundamentals

Eight leading OPEC+ countries have decided to increase oil production due to favourable market fundamentals.

Output in October is expected to rise by 137,000 barrels per day compared to September levels, Caliber.Az reports via foreign media.

The next meeting of the OPEC+ eight is scheduled for Sunday, October 5.

OPEC stated that its member countries plan to hold monthly meetings to assess market conditions, compliance with production targets, and necessary adjustments.

By Khagan Isayev