Page 94 - துணை ப்ரைம் அமைச்சர் அலெக்சாண்டர் நோவாக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

OPEC+ throws caution to the wind with deal to unwind oil production cuts After months of preaching caution and saying the time was not right to raise oil production, OPEC and its partners abruptly agreed April 1 to loosen their quotas and add more than 2 million b/d into the market by July. The move is a bet that the OPEC+ alliance can gradually reclaim some of its lost market share, even as the global economy faces an uneven recovery from the pandemic. OPEC+ production during COVID-19 The increases will be phased in each month, and the alliance reserves the right to U-turn if market conditions deteriorate, Saudi energy minister Prince Abdulaziz bin Salman said. In fact, OPEC+ ministers are planning to meet again April 28 to review their decision, before the first increment goes into effect in May.

Saudi arabiaUnited kingdomAlexander novakVladimir putinSuhail al mazroueiJennifer granholmUs energyPrince abdulazizPresident vladimir putinSaudi crown prince mohammedSecretary jennifer granholmDeputy prime minister alexander novakசவுதி அரேபியாஒன்றுபட்டது கிஂக்டம்அலெக்சாண்டர் நோவாக்விளாடிமிர் புட்டின்