OPEC agrees to raise output 400k bpd, as expected - report

No surprise

The press conference is coming up shortly. This report is from Energy Intel, who cites sources.

The only drama in the press conference is whether OPEC highlights a willingness to be more flexible going forward.

Update: Another report now says the same.

The next OPEC meeting will take place on Dec 2.

Update 2: A report says OPEC doesn't plan to compensate for countries that have under-produced quotas.

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