OPEC+ is expected to keep its October crude oil production target stable from the September quota when the group meets on September 5 to review oil market conditions, a majority of 19 industry observers polled by Bloomberg said . A total of 15 of the 19 experts surveyed expect the producer group to keep the oil output target for October at the same level as in September when they meet next week. In August, Saudi Arabia floated the idea of new production cuts as the Energy Minister of OPEC’s top producer, Prince Abdulaziz bin Salman, said that OPEC+ was ready to cut production at any time in any form if it believes it would bring stability to the “schizophrenic” oil market. After the Saudi signal, OPEC’s rotating president for this year, Congo’s Hydrocarbons Minister Bruno Jean-Richard Itoua, also expressed support for potential cuts. The United Arab Emirates (UAE) has […]