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9/1/2021, 5:59 PM (Source: TeleTrader)
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Market 'strengthened' despite virus 'uncertainty' - OPEC+

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) asserted on Wednesday that the "market fundamentals have strengthened" despite uncertainty cast by the COVID-19 pandemic.

OPEC+ issued a statement after a meeting during which the cartel decided to stick to its previous decision to increase the production output by 400,000 barrels per day during October.

The next meeting will be held on October 4, 2021, the statement concluded.

Baha Breaking the News (BBN) / BU