OPEC+ is set to keep its oil output policy unchanged for October at a meeting on Sunday, two people familiar with the discussions told Reuters, as the producer group needs to agree on new quotas before deciding its next output steps.
– The meeting comes as the Iran war continues to disrupt oil exports through the Strait of Hormuz, limiting OPEC+’s influence over prices and market share. Unlike in the past, the group’s supply decisions have had a limited impact on the market.
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