Oil price data from sources like the U.S. Energy Information Administration (EIA) or Bloomberg

OPEC+ Considers Delaying October Oil Output Increase Amid Nine-Month Price Drop

Sep 4, 2024, 10:38 AM

OPEC+ is discussing a possible delay to an oil output increase planned for October, according to three sources from the producer group. This discussion comes after oil prices plummeted to their lowest levels in nine months. The proposed delay aims to address concerns over the recent price crash. Delegates noted that prices have dropped to their lowest since last year.