OPEC+ are likely to roll over output policies on Wednesday – Reuters

At their meeting on September 1, the OPEC and its allies (OPEC+) are likely to maintain the oil output policies, Reuters reports, citing sources familiar with the cartel’s thinking.

The sources said that OPEC+ will kick off with the planned 400K barrel per day (bpd) hike from September.

"Current oil prices around $70 are okay. OPEC+ is likely to continue as planned with the increase of 400k bpd,” one source said.