OPEC+ Considers Pausing Oil Output Increases Amid Disrupted Markets

OPEC+ is considering pausing oil output increases as its October policy decision approaches.

The meeting, scheduled for September 6, comes at a time when conflict has disrupted a major oil route, forcing producers to reassess their influence on the market.

According to two sources familiar with the negotiations, OPEC+ must first agree on new quotas before deciding on further production steps.

The group's decisions have less impact on prices and market share due to the war in Iran, which has disrupted oil exports through the Strait of Hormuz.