OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year.

OPEC+ pauses oil output hikes amid oversupply concerns. Crude oil reaching a new all-time high by September 30 at 5.5% YES.

OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year.