OPEC+ reportedly missed output target by 3.58 mil bpd in August

  • The numbers echo sentiment that the bloc does not have spare capacity

The above amount compares with the 2.9 mil bpd miss on the output target back in July here. Saudi Arabia and the UAE are the only two members with any real say in this matter but it looks like they're not up to open the taps any time soon with oil prices sitting on the edge over the past few weeks.

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