OPEC, non-OPEC panel unlikely to recommend further oil output hike – sources

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FILE PHOTO: A person passes the logo of the Organization of the Petroleoum Exporting Countries in front of OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger
People walk past a billboard for the 10th meeting of the OPEC Joint Ministerial Monitoring Committee in Algiers, Algeria September 22, 2018. REUTERS/Ramzi Boudina
People look at flags ahead of the OPEC Ministerial Monitoring Committee in Algiers, Algeria September 22, 2018. REUTERS/Ramzi Boudina

ALGIERS (Reuters) – A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.

The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June, sources said.

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