OPEC+ keeps October oil output policy unchanged
OPEC+ kept its oil output policy unchanged for October during a Sunday meeting. The group faces limited market influence as the Iran war continues to disrupt exports through the Strait of Hormuz.
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OPEC+ kept its oil output policy unchanged for October during a Sunday meeting, maintaining production levels as the group works to establish new quotas. The decision leaves output steady following August agreement hikes that completed a rollback of 1.65 million barrels per day in supply cuts. Ongoing conflict involving Iran continues to restrict crude exports through the Strait of Hormuz, undercutting the group's market influence.
