“We remain committed to OPEC+ aim to balance the oil market and will support any decision to achieve that goal,” Suhail Mohamed Al Mazrouei said in a Twitter post.

The Wall Street Journal earlier on Monday reported an output increase of 500,000 barrels per day was under discussion for the next meeting of OPEC and its allies, known as OPEC+, on Dec. 4. The report cited unidentified OPEC delegates.