OPEC+ to consider bigger increase to oil output, sources say

By Alex Lawler, Olesya Astakhova and Dmitry Zhdannikov LONDON (Reuters) -OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said two sources familiar with the talks. OPEC+ has reversed its earlier strategy of output cuts and has already raised quotas by more than 2.5 million bpd, or about 2.4% of world demand, to boost market share and following pressure from U.S. President Donald Trump to lower oil prices. Eight OPEC+ countries will hold an online meeting on October 5 to decide on November output. OPEC+ pumps about half of the world's oil and includes the Organization of the Petroleum Exporting Countries plus Russia and other allies. WIN