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OPEC+ discussing pause to output hikes after next increase

  • OPEC+ is considering pausing further production increases after its next monthly hike in October.
  • Talks are ongoing, and no final decisions have been made yet, but there are concerns about the growing surplus in the market.
  • Some key OPEC+ nations worry that continuing production increases could lead to a further decline in oil prices.
  • Analysts predict that OPEC+ might need to cut production again towards the end of the year to address the oversupply situation.

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