OPEC+ members have options for a small cut, with production resuming in October at September levels.
OPEC+ will discuss holding production steady or cutting it a little.
OPEC+ members will determine the production level for October at their meeting today. According to sources familiar with the matter, OPEC+ members will have options on their desks to make a small cut, with production resuming in October at the level of September.
Sources state that if a decision is made to cut production, it will be limited to 100 thousand barrels/day today. If such a step is taken, production quotas for OPEC+ members will be reduced to the level of August.
Before the OPEC+ meeting, the signals from Russia were that there would be no support for the production cut at the moment. Russia is expected to express an opinion on keeping production stable.
