OPEC+ reportedly likely to roll over output policy this week

Reuters reports, citing three OPEC+ sources on the matter

The report says that OPEC+ is likely to keep its oil output policy unchanged i.e. planned 400k bpd hike starting from September, when they meet on 1 September this week.

One of the sources is reported as saying that:

"Current oil prices around $70 are okay. OPEC+ is likely to continue as planned with the increase of 400k bpd."