OPEC and non-OPEC countries discussing possible production increase by another 500,000 bpd - Reuters

Eren Sengezer FXStreet

Citing three sources with direct knowledge of the matter, Reuters reported that OPEC and non-OPEC countries were discussing a possible production increase by 500,000 barrels per day.

Sources further added that OPEC and non-OPEC countries pumped less oil in August compared with July due to drop in Iranian crude supply.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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