- Analytics
- News and Tools
- Market News
- OPEC+ began discussions around output cut for October meeting – Reuters
OPEC+ began discussions around output cut for October meeting – Reuters
Citing sources familiar with the matter, Reuters reported that the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+, have started to discuss a potential output cut for the next meeting.
One of the sources told Reuters that a reduction in oil output was "likely." The group is scheduled to meet on October 5.
Market reaction
Crude oil prices edged slightly higher from daily lows on this headline but the market reaction was relatively subdued. As of writing, the barrel of West Texas Intermediate was trading at $80.80, where it was down 1.3% on a daily basis.
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
