The Opec+ group could consider further cuts to crude production quotas when ministers meet next week to decide output policy for November, as rising inflation and a strengthening dollar weigh on the outlook for oil demand, several delegates told Argus. Earlier this month the coalition agreed on a 100,000 b/d drop in its October production ceiling, reversing the quota hike agreed for September. It marked the first cut in the group's output target in over a year. The pressure on oil demand has since intensified, not just from soaring inflation rates — stoked by a surge in energy prices since Russia invaded Ukraine in ... (full story)