Three sources at OPEC+ told Reuters that the group were likely to keep the 400,000-bpd monthly increase for November. Bakr: One option is to ease the cuts by 400,000 bpd in November, while another would be to increase production by 800,000 bpd in November but not to raise output in December. The OPEC+ alliance is widely expected to keep their current plans of easing the collective oil production cuts as the group gathers for its monthly meeting today. OPEC+ decided in the middle of July that it would start returning 400,000 bpd to the market every month beginning in August until it unwinds all the 5.8 million bpd cuts. The group agreed to extend the existing deal from April 2020 through the end of December 2022. Today’s meeting comes with Brent Crude prices close to $80 a barrel and an expected rise in demand because of gas-to-oil switching in […]