OPEC+ agreed to a modest increase in its November oil production as group leaders Saudi Arabia and Russia overcame a difference in position (Image: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

OPEC+ agreed to a modest increase in its November oil production as group leaders Saudi Arabia and Russia overcame a difference in position.

The Organization of the Petroleum Exporting Countries and its allies will add 137,000 barrels a day next month, OPEC confirmed in a statement on its website. The next meeting will be on Nov. 2.

Russia, which has previously pushed for restraint in supply boosts, favored an adjustment that would help to defend prices while Saudi Arabia — more mindful of market share — supported a larger addition, a delegate said prior to Sunday’s g

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