OPEC Plus plans to increase production from October as part of the plan to lift voluntary production cuts, according to sources.

August 31, 2024, 6:17 AM, GMT+9.

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, including Russia, known as OPEC Plus, plan to proceed with the planned increase in daily production of 180,000 barrels from October. This was revealed by multiple sources in OPEC to Reuters.
This is part of the plan to lift the voluntary production cut of 2.2 million barrels per day. The voluntary additional cut will continue until the end of 2025.
Concerning crude oil production, Libya has suspended oil production against the backdrop of a political crisis, and a reduction in the reduction range was planned as part of the plan to offset the excess production quota in OPEC Plus.