OPEC+ considers oil-production increase

OPEC+ countries decided to increase oil production by 100,000 barrels/day in September.

According to SIA, the decision was made at today's meeting of the OPEC+ Monitoring Committee.

Before the meeting, it was reported that the participants planned to maintain the production volume at the previous level.

OPEC+ members decided to increase monthly oil production by 400,000 barrels/day from August 2021.

At the meeting held in March of this year, it was decided to increase production by 432 thousand barrels/day from May.

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