OPEC+ cuts oil production quotas by 100,000 b/d despite tight market

 In In the News
Wary of a global economic slowdown, OPEC and its allies will trim their production quotas by 100,000 b/d in October, despite what appears to be a tight physical market, as the group seeks to put a floor under slumping oil prices. The decision, made in yet another brief meeting Sept. 5 with no extended debate, will mark the alliance’s first…