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400,000 barrels per day (b/d) each month
- In the deal announced on July 18, OPEC+ members agreed to increase production by 400,000 barrels per day (b/d) each month starting in August 2021. This agreement is in addition to production increases that already took place through July 2021, including the full reversal of Saudi Arabia’s voluntary production cut of an additional 1 million b/d.
www.eia.gov/todayinenergy/detail.php?id=48956OPEC+ agrees to crude oil production increases, but Brent ...
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Jun 2, 2022 · Opec and its allies on Thursday agreed to accelerate oil production in July and August, as the cartel’s linchpin Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened...
- Opec+ agrees to extend deep production cuts into next year
Opec+ members have agreed to extend deep cuts in oil...
- Opec+ agrees to extend deep production cuts into next year
Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The...
Oct 4, 2021 · The 23-member group, known as OPEC Plus, said in a terse news release that it would raise production by a modest 400,000 barrels a day in November, less than 0.5 percent of world demand, under...
Jul 18, 2021 · OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Jun 2, 2022 · LONDON — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy...
Jul 18, 2021 · Major oil producers reached a deal on Sunday to increase production, a move that could help ease the pressure on gas prices and inflation as economies around the world recover after pandemic...
Jun 2, 2024 · Opec+ members have agreed to extend deep cuts in oil production, in some cases to the end of 2025, as they battle to shore up prices amid weak global demand and increased supply from other parts...
