The OPEC+ alliance decided to increase oil production by 548,000 barrels a day in August, continuing the upward trend for the fourth consecutive month.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
OPEC+ will increase oil production by 548,000 bpd in August amid market volatility sparked by the attacks on Iran. This is the fourth consecutive month of increases after the group maintained cuts from 2022 to support prices. The increase will come from eight members of the alliance, which have started to phase out restrictions. Although some countries have exceeded quotas, OPEC+ justifies the decision with a stable global economic outlook. The next meeting will take place on August 3.
Sources
Alianţa OPEC+ a convenit sâmbătă să majoreze producţia de petrol
OPEC+ accelerează creşterea producţiei de petrol: creştere cu 548.000 de barili/zi în august
Membrii OPEC+ convin asupra unei creșteri mai mari decât se aștepta a producției de petrol în august
OPEC+ va crește producția de petrol în luna august cu 548.000 de barili pe zi
Latest News
19:50
Timișoara and Oradea reduce public lighting to save energy
19:50
ISU Buzău intervenes to extinguish a wildfire in the commune of Podgoria, affecting 20 hectares
19:46
Traffic is blocked on DN 1, in the locality of Unirea, due to an accident between a car and a diesel tanker.
19:43
The Commission checks whether Spain can pay the compensation of 23.5 million euros granted to an investor in renewable energy.
19:42
EPPO investigates possible fraud of approximately 5 billion euros in the Recovery and Resilience Facility
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
