By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas,

OPEC+ agreed on another output surge in June, accelerating a revival of supply for a second month as the group’s leaders seek to chastise overproducing members in a strategy shift that has already sent crude prices plunging.

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices during April and a decision by OPEC+ to crank up output in June.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Lost $9 Billion of Income to Miami,