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OPEC+ to keep crude output quotas unchanged for November
OPEC+ is expected to leave its current crude oil output quotas unchanged for November at a meeting this weekend, anonymous sources familiar with the plans told Reuters on Wednesday.
The sources also said Gulf producers in OPEC+ have been producing and exporting lower volumes since the Iran war disrupted traffic through the Strait of Hormuz.
The story references how the early September monthly meeting set the stage for the current quota discussion, with Saudi Arabia mentioned as part of the OPEC+ context.
Reuters reported the upcoming decision based on the planned outcome described by the unnamed sources.
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