Video Summary
OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday.
OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by more than 2.5 million barrels per day, representing about 2.4% of world demand, to boost market share and after coming under pressure from U.S. President Donald Trump to lower oil prices.
Eight OPEC+ countries will hold an online meeting on October 5 to decide on November output. OPEC+ … This video from Africa Business Radio has already been viewed 6 times and has 0 likes, demonstrating its value to the community.
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