The OPEC logo pictured ahead of an informal meeting between members of the Organisation of the Petroleum Exporting Countries. Reuters/File
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.
The grouping will “assess market developments” in December, it said. The deal also extends a deadline on capping output from April next year to the end of 2022.
Top Oil Producers Agree To Boost Output From August
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Зеленый поворот Готова ли Россия заняться борьбой с изменением климата
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