Saudi Arabia and other oil producers discussed possible output increase - RTRS sources

Haresh Menghani FXStreet

According to the latest headline floating on the wires, via Reuters - quoting sources, Saudi Arabia and other oil producers had discussed a possible output increase last week in Algiers and decided to revisit the issue at December meeting.

Meanwhile, Saudi Arabia is said to boost oil supply by around 200k to 300k bpd in the next 2 months to compensate for lower Iran output.

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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