OPEC+'s plan to increase production by 400,000 b/d was opposed by key members, and the meeting will be postponed until Friday

An agreement to increase OPEC+ oil production was put in question marks because a key member opposed the proposed agreement, which prompted the organization to suspend negotiations for a day. The OPEC+ Ministerial Committee recommended gradually increasing oil production by the end of the year, thus paving the way for the organization to reach an agreement. Even when oil prices are at a two-year high, this move allows the organization to firmly control supply. A participant who asked not to be named said that the OPEC+ Joint Ministerial Supervisory Committee, which includes Russia and Saudi Arabia, recommended that the organization increase production by 400,000 b/d every month between August and December. The Commission also recommended that

新浪財經Jul 2, 2021 04:30