Saudi Arabia eyes OPEC+ production increase: report ...Kuwait

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Saudi Arabia eyes OPEC+ production increase: report
Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within the group. An increase of up to 500,000 barrels per day is now under discussion for OPEC+'s Dec. 4 meeting, the report said. Oil prices, which were already down on the day, fell more than 5% to below $83 a barrel after the report. Reuters was not immediately able to verify the report. Last month, OPEC+ unexpectedly decided to reduce output targets sharply and it would be unusual for the group to increase production at a time of declining prices and concern about the economic outlook. The WSJ said talk of a pro

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