VIENNA: Faced with recession fears, more than a dozen major oil producers and their allies are expected to agree to a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

The 13 members of the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, and their 10 partners, led by Russia — better known as OPEC+ — are meeting to adjust their quotas for October. Talks are due to start at 7 p.m. on Monday (Manila time).

This March 3, 2022 file photo shows the logo of the Organization of the Petroleum Exporting Countries outside its headquarters in Austria’s capital Vienna. AP PHOTO
This March 3, 2022 file photo shows the logo of the Organization of the Petroleum Exporting Countries outside its headquarters in Austria’s capital Vienna. AP PHOTO

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