OPEC and its allies, collectively known as OPEC+, will consider further raising oil production in October, sources have said.
Reuters reported on Wednesday that two sources familiar with the discussions said that eight members of the OPEC+ will consider further raising oil production at a meeting on Sunday as the group seeks to regain market share.
Oil prices fell by more than 2 percent on Wednesday in response to the news. The West Texas Intermediate for October delivery slipped 1.62 U.S. dollars, or 2.47 percent, to settle at 63.97 dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery dropped 1.54 U.S. dollars, or 2.23 percent, to settle at 67.60 U.S. dollars a barrel on the London ICE Futures Exchange.
A month earlier, the organization announced to increase oil output by 547,000 barrels per day (bpd) in September.
However, industry insiders said that most oil-producing countries are currently operating at near-full capacity, and the only country that can actually increase supply is Saudi Arabia, with the UAE and Kuwait potentially seeing some minor increases.
Furthermore, as the fourth quarter approaches, non-OPEC+ oil-producing countries, such as the United States and Guyana, will also release new production, which will further exacerbates the oversupply in the global crude oil market.
OPEC+ to continue to ramp up oil output in October: sources
Only 24 registered survivors of the Nanjing Massacre remain alive today, as China observes another memorial day for the victims of the Nanjing Massacre on Saturday.
This Saturday marks the 12th national memorial day for the Nanjing Massacre victims, which was formally established on Feb 27, 2014, by the Standing Committee of the 12th National People's Congress, designating Dec 13 as an annual day of remembrance through legislative procedure.
The Nanjing Massacre occurred after Japanese forces captured Nanjing, then the Chinese capital, on Dec 13, 1937, initiating six weeks of slaughter that claimed the lives of more than 300,000 Chinese civilians and unarmed soldiers.
At the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders in east China's Jiangsu Province, a wall displays photographs of 100 elderly individuals who represent some of the registered survivors of the Nanjing Massacre as of September 30, 2017.
Whenever a survivor passes away, a light on the wall is extinguished.
Now, only 24 lights remain illuminated on the wall, as eight survivors have passed away since the beginning of this year.
"Currently, only 24 registered survivors remain alive, with an average age of 95, and the oldest being 102. We provide one-on-one care for each survivor, maintaining individual files to support their daily lives. We have also mobilized hospitals, neighborhoods, and communities to assist them," said Zhou Feng, director of the memorial hall.
Xia Shuqin, one of the registered survivors, is now 96 years old but remains sharp-minded and articulate.
In 1937, during the Nanjing Massacre, seven members of her family were brutally murdered by Japanese troops.
Only she, then eight years old, and her four-year-old sister survived.
Xia was stabbed three times.
Standing before the memorial wall listing the victims' names, her eyes filled with tears as she gazed at the names with profound sorrow.
"I was only eight years old then, and my younger sister was four. I was covered in blood. When I came to consciousness, my sister was crying out, but later we couldn't find anyone," she said.
Despite her advanced age, Xia has remained steadfast on the front lines of spreading historical truth over the years.
She has participated in the national memorial ceremony many times for the victims of the Nanjing Massacre and family memorial services, sharing her personal experiences.
She has also traveled to Japan to recount the history of that era to local Japanese residents.
She hopes that her efforts will help people cherish peace.
"Our nation is prosperous and strong. I am living well now. I hope the next generation will have peace, eternal peace," said Xia.
Only 24 survivors of Nanjing Massacre remain alive today
