OPEC+ will increase oil output further from November when it meets on Sunday, Reuters reported, citing sources close to the talks.
The group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers has increased its oil output targets by more than 2.6 million barrels per day (bpd) this year, equating to about 2.5% of global demand.
No final decision has been taken, two sources said, with one expecting a minimal rise of 137,000 bpd while the other said that 274,000 bpd was most likely.
The eight OPEC+ countries will hold an online meeting at 1100 GMT on Sunday, the two sources added.
