OPEC + agrees increasing oil production

Economy/International

2-12-2021, 17:19

+A -A

Follow-up - INA

A sources in the group of oil exporting countries and their allies “OPEC +” announced today, Thursday, that the group will abide by the current oil production agreement, according to which it decided to increase production by 400,000 barrels per day during the month of next January.

The sources in "OPEC +", according to what was reported by Reuters, that "it is possible to discuss a number of options during the ministerial talks taking place today, including stopping the increase in production.".

In addition to that, the group confirmed, "One of the ideas that may be discussed is to increase production by 200 thousand barrels per day instead of 400 thousand in January."