The Reuters news agency, citing two sources from OPEC+, said that “the reduction agreed upon by the bloc will take effect from November.”

Some time ago, Reuters, citing three well-informed sources, reported that the OPEC+ Joint Ministerial Monitoring Committee agreed to cut production by two million barrels per day.

And Bloomberg reported today, citing sources, that OPEC+ will discuss cutting oil production by two million barrels per day.

And earlier, the American newspaper Financial Times reported, citing sources, that Saudi Arabia, Russia and other producers are ready to announce a significant reduction in oil production at the OPEC + meeting in Vienna, noting that Saudi Arabia seeks to raise oil prices, to “anger the United States and help the Russian Federation.”

A possible OPEC+ cut could lead to a recovery in oil prices, which fell to around $90 from $120 three months ago on fears of a global economic downturn, rising US interest rates and a stronger dollar.