Eight OPEC+ countries meeting on Sunday have agreed to raise oil output in September by 548,000 barrels per day, three OPEC+ sources said while the meeting was under way. The group will hold its next meeting on September 7,

OPEC+ is set to approve a preliminary deal to raise oil production by 548,000 barrels per day (bpd) from September, according to sources, as fears grow over possible supply disruptions linked to Russia.

OPEC+ has reached a preliminary agreement to raise oil production by 548,000 barrels per day starting in September, according to Bloomberg.