OPEC. Non-OPEC Panel Unlikely to Recommend Further Oil Output Hike

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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.