Home Business Source: OPEC+ will consider further increase in oil production next week

Source: OPEC+ will consider further increase in oil production next week

by admin

Summary

[Source: OPEC + will consider further increase in oil production next week]The source said that OPEC + will consider other options in addition to the existing agreement that will increase 400,000 barrels per day when it meets next week to deal with oil prices for nearly three years High points and pressure from consumer countries to increase supply. Four sources said that it is possible to further increase oil production, but no one gave a specific amount or specific month. Another source said that there may be an increase of 800,000 barrels per day in the next month, and there may be no increase in production in the next month.

According to sources, OPEC+ will consider other options in addition to the existing agreement that will increase 400,000 barrels per day when it meets next week.Oil priceClose to a three-year high and pressure from consumer countries to increase supply. Four sources said that it is possible to further increase oil production, but no one gave a specific amount or specific month. Another source said that there may be an increase of 800,000 barrels per day in the next month, and there may be no increase in production in the next month.

(Article Source: Interface News)

.

See also  European stock markets weak expectations, fears over Covid impact on recovery weigh

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy