Summary: Producers agreed to raise output again from October, though at a slower pace. The move aims to defend market share as demand expectations cool and inventories normalize.
Why it matters
A modest supply increase can cap price spikes, easing some input‑cost pressure in the U.S. and Europe. Refined product prices may lag; for central banks, softer energy inflation supports a steady‑or‑easing stance.
Key facts
- Direction: further increase in October
- Pace: slower than prior monthly steps
- Backdrop: demand softening, sanctions frictions persist
What to watch
Final quota numbers and compliance; Saudi/UAE spare capacity signals; any guidance on unwinding cuts faster if demand weakens.