OPEC+ to consider oil output cut of over 1 million barrels per day: Reports

According to reports, OPEC+ is mulling an oil output cut of over a million barrels per day when it meets on October 5. OPEC+, consisting of OPEC countries and allies like Russia, will meet in person in Vienna for the first time since March 2020. The output cuts are being considered after the fall in global oil rates.