OPEC+ is weighing a possible delay in a planned hike in production output as oil prices enter a declining period, sources told Reuters.

The oil-producing bloc had planned to increase output to 180,000 barrels a day in October, but sources told the publication that supply interruptions from facility shutdowns in Libya and weak demand have caused the group to consider backtracking from their plans. One source told the outlet a delay was looking highly possible.

The possible delay comes as prices dropped to their lowest since last year amid a weak economy and dimmed demand from China. The group had initially planned to roll back layers of output cuts of 2.2 million barrels per day while keeping other cuts in place until the beginning of 2025. 

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Libya’s eastern government had shut down large parts of the country’s oil production and export operations in response to an attempted ouster of Sadiq Al-Kabir, the head of the country’s central bank. Just yesterday, Al-Kabir said there were “strong” indications that the differing factions are nearing an agreement to resolve the dispute, Bloomberg reported.

Weak demand from China, which has been transitioning its focus toward renewables, could also cause refiners to produce less oil.