OPEC+: Reuters Leaks on Oil Plans Again ...Middle East

Reuters and its anonymous sources are again stirring the oil market. This time, the wire says OPEC+ is preparing another supply hike in November, with Saudi Arabia pushing for something big and Russia urging restraint. But if recent history is any guide, a report of rising quotas doesn’t necessarily translate into rising barrels—and OPEC is getting increasingly irritated with the narrative. According to Reuters’ unnamed insiders, Riyadh wants an increase of 274,000 to as much as 548,000 bpd, while Moscow is said to prefer another…

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