OPEC+ to meet amid downturn worries

By Agence France-Presse

Sep 06, 2022 12:06 am

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).

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