OPEC+ Greenlights October Production Boost, Signaling Market Share Focus
OPEC+ Greenlights October Production Boost, Signaling Market Share Focus OPEC+ nations have reportedly agreed in principle to boost oil production for the upcoming month of October, signaling a reinforced commitment to their strategy of pursuing market share over price defense. Delegates indicate that key alliance members anticipate formal approval of an additional 137,000 barrels per day during a recent video conference held on Sunday. This impending October increase marks another step in the gradual unwinding of significant supply cuts, building…