OPEC+ likely to raise oil output targets from September again, sources say
XLE•OPEC+ likely to raise September output targets
OPEC+ oil-producing countries will likely agree a further hike in their output targets from September when they meet on August 2, three sources said on Wednesday, even though the U.S. war with Iran is again hindering some of the group's members from pumping more.
Seven core OPEC+ members - Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - will likely increase their output target by about 188,000 barrels per day for September, the same as for June, July and August, the sources said.
OPEC and Russian authorities did not immediately respond to a request for comment. All sources spoke on condition of anonymity and said no final decision had been made.
