Sources: OPEC + Discusses Delaying October Production Increase Plan

On September 4th, three sources from OPEC + said on Wednesday that OPEC + is discussing delaying next month's production increase plan due to the drop in oil prices to the lowest level in nine months. One of the sources said that OPEC last week seemed ready to increase production by 180,000 barrels per day as planned in October, but the market volatility caused by the shutdown of oil facilities in Libya and the weak demand outlook have raised concerns in the group.