OPEC+ is poised to greenlight another slice of oil production next month, at least 137,000 barrels per day, as the cartel eyes clawing back market share amid barrel prices topping $70—the highest since August—despite U.S. pleas to pump more and ease consumer wallets.

The eight-nation core group, pumping half the world's crude alongside allies like Russia, convenes virtually October 5 to rubber-stamp the November hike, matching October's lift and unwinding layers of 2023 cuts that peaked at 5.85 million bpd.

Sources close to the talks, speaking to Reuters, peg the move to surging demand and spot prices, up on Ukraine's drone strikes hobbling Russian refineries and exports—though actual flows lag pledges, with members maxed out.

Since April's pivot from restraint, OPEC+ has thawed over 2.5 million bpd—2.4 percent of global thirst—under Trump administration nudges to flood markets and tame inflation. Yet prices have hugged $60-$70, frustrating Washington; the UAE snagged an extra 300,000 bpd greenlight through September, but full reversals stall as output quotas outpace hardware.

Analysts see the November nudge as calibrated caution: too much risks a glut, too little cedes ground to U.S. shale. With barrels flirting $70 Friday, the cartel balances share grabs against stability, eyes on Trump's tariff threats and winter demand spikes.

As the October 5 call looms, OPEC+ treads a tightrope—easing cuts to appease allies while dodging price plunges that could boomerang on members' budgets.