(Investing)– OPEC+ is discussing a potential pause in further oil production increases following its next monthly supply hike, Bloomberg reported, citing delegates familiar with the discussions.
Saudi Arabia and its partners have a tentative plan to complete their 2.2 million-barrel supply revival in September, with one more monthly increase of 550,000 barrels.
After this September increase, the oil producer group will likely wait before moving to reverse another layer of halted production, which amounts to approximately 1.66 million barrels per day, according to the delegates, who requested anonymity because the discussions are private.
