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David McHugh, The Associated Press The OPEC oil cartel and allied countries said Thursday that they have decided to gradually add back some two million barrels per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the Covid-19 pandemic. The group is gingerly adding back production that was slashed last year to support prices as demand sagged during the worst of the pandemic recession. The group will add back 350,000 barrels per day in May, 350,000 in June, and 400,000 in July. Meanwhile Saudi Arabia will restore an additional one million barrels per day in cuts that it made on its own.

Saudi arabiaYork mercantile exchangeSaudi arabia energyNew york mercantile exchangeMeanwhile saudi arabiaEnergy minister abdulazizசவுதி அரேபியாயார்க் வணிக பரிமாற்றம்சவுதி அரேபியா ஆற்றல்புதியது யார்க் வணிக பரிமாற்றம்இதற்கிடையில் சவுதி அரேபியாஆற்றல் அமைச்சர் அப்துலஜிஸ்