OPEC+ will likely raise oil output further from October, sources say

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Investing Oil & gas See all topics Facebook Tweet Email Link Link Copied! Follow OPEC+ will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday. OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by about 2.5 million barrels per day, about 2.4% of world demand, to boost market share and under pressure from U.S.

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