Top oil producers agree on modest output boost from August
By AFP - Jul 18,2021 - Last updated at Jul 18,2021
An employee of a gas station fills the tank of a motorbike in Karachi on Friday, following an increase in petroleum prices by the government.
VIENNA — The world's leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month.
An OPEC+ meeting decided to raise output by 400,000 barrels per day (bpd) each month from August to help fuel a global economic recovery as the pandemic eases, the group's Vienna-based secretariat said in a media statement.