OPEC+ countries increased oil production in August
[ad_1]
On the increase in daily production in August by the countries of the OPEC+ alliance by 120,000 barrels. reported in the S&P survey. Analysts note that the 13 countries that are members of the Organization of Petroleum Exporting Countries (OPEC) increased production in August by 190,000 barrels per day. At the same time, the remaining participants in the OPEC+ agreement (nine states, including Russia, Saudi Arabia and the UAE) reduced it by a total of 70,000 barrels per day.
“Even with the net increase, the group’s oil output remains well below levels reached earlier this summer, as Saudi Arabia has voluntarily cut production by 1 million bbl/d since July to support market prices,” the survey said.
[ad_2]
Source link
